2nd November, 2011
The absence of a former Director-General of Nigerian Stock Exchange (NSE), Ndi Okereke-Onyiuke, on Tuesday stalled further hearing in the alleged N3.3 billion theft preferred against her before a Lagos High Court.
Okereke-Onyiuke is standing trial before Justice Christopher Balogun, on charges of alleged stealing of N3.3 billion belonging to NSE.
Also joined in the suit are Lance Elakama and Uzoma Onyekuru, both officials of the exchange and some companies allegedly owned by the accused persons.
The Companies are Creative Financial Services Ltd, Mining System Ltd, OPDC Properties Ltd, OAK Business, Finance Company Ltd., and Kingdom Securities.
At the resumed hearing, prosecuting counsel, Mr Moshood Olateju, informed the court of a letter written by the defence counsel over his inability to attend the proceeding.
“We have served them with all the court processes and we have also served them with our reply to their preliminary objection.
“Just yesterday (Monday) at about 3.30 p.m., we received a letter from the defence counsel, Mr Robert Clark (SAN), that he had an emergency and the case be adjourned till November 30,’’ Olateju said.
Olateju told the court that he had no objection to the request for an adjournment.
Balogun, however, adjourned the case till November 30.