Operatives of the Economic and Financial Crimes Commission have arrested Simon Oshi.

The 28 year-old businessman and entertainer was arrested and arraigned before Justice N. Osun -Adebiyi for alleged issuance of dud cheque.

Oshi was alleged by the EFCC to have received 400 pieces of iPads from Aweskim Technologies Limited and issued a cheque of N38 million to the supplier as payment.

But the cheque was returned unpaid due to insufficient funds standing to the credit of Oshi.

Oshi issued the defunct Diamond Bank cheque in the name of PROLIFICK ENTERTAINMENT CONCEPT on 3 September, 2020 to Aweskim Technologies Limited.

But when presented for payment, it was returned unpaid on the ground that no sufficient funds was standing to the credit of the drawer.

The EFCC said Oshi has committed an offence contrary to section 1(1) (a) and punishable under section 1 (1) (b) (i) of the Dishonored Cheques (Offences) Act, Laws of the Federation, 2004”.

Oshi pleaded not guilty to the charge. Defence counsel Mahmmud Ahmad immediately applied for his client’s bail.

Justice Osun-Adebiyi granted the defendant bail in the sum of N10 million and two sureties in like sum.

One of the sureties must be a relative of the defendant.

The case has been adjourned till February 13, 2022 for trial.

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