Alleged fraud: Accountant says Kenneth Amadi diverted Eunisell’s N2.9bn

Justice Ambrose Allagoa of a Federal High Court sitting in Ikoyi, Lagos, has been told that a former employee of Eunisell Ltd, Kenneth Ndubisi Amadi allegedly defrauded the company by making customers pay for purchases made based on the company’s invoice through his account.

The revelation came through the second prosecution witness and accountant with Eunisell Ltd, Philip Enejo Odekina while testifying before the judge during the trial of the former Chief Executive Officer (CEO).

It is recalled that Kenneth Amadi and his company, IDID Nigeria Limited, are being tried before the court on a five-count charge of conspiracy and fraud to the tune of N2.9 billion.

The defendants are being tried by the office of the Attorney-General of the Federation (AGF).

In continuation of the trial of the defendants last Thursday, Mrs Aderonke Imana announced an appearance for prosecution while Mohammed Ndarani (SAN,) led the defence team comprising Barr. O.J Akinwale and Dr Monday Onyekachi Ubani for the defendants.

While being led in evidence by the prosecution, the witness Philip Odekina said that he is an accountant with Eunisell Ltd for 10 years as Finance Manager, adding that as Finance Manager, he and his team raise waybills and invoices and not the defendant, Kenneth Amadi.

The accountant added that as CEO, Kenneth Amadi was only interfacing with the customers with the aim of raising revenue for the company.

The witness hinted: “Kenneth Amadi was responsible and managing our key customers such as Total, Ammasco, MRS, AZ Petroleum, SPDC to mention but a few.”

Odekina equally stated that as Finance Manager, he discovered after an audit that their customers paid money into 2nd defendant and from there, the money was remitted to us.

“Kenneth, IDID and another paid money into Eunisell account whereas the company had no relationship with them.

“We have relationships with Ammasco, AZ Petroleum, and others. It was usual to pay money to us but not through the defendants.

“They all pay money into Eunisell account but through their incorporated company,” the witness further stated.

After their discovery, Philip Odekina said that he made a statement at the Police Fraud Unit. He identified the statement which was tendered and admitted as exhibit GP.

During a cross-examination by Dr Ubani, the witness acknowledged that they conducted an audit after Kenneth Amadi left the company.

According to him, it was after the audit that they discovered that payments were made but without narration.

Ubani then asked if the witness was aware that the police and EFCC exonerated Kenneth Amadi of fraud after a full investigation into their petition, to which Philip Odekina said he was not aware.

The matter was then adjourned to February 18 for continued trial as the Investigating Police Officer (IPO) was not available at the proceedings.


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