Former Managing Director of Star Orient Aviation, Dare Osamo and two others, Ayoola Olore Abisola and Hussaina Abdulkadir have been arraigned before an Ebute-Metta Magistrates’ Court over alleged forgery and fraud.
According to the charge sheet, the three defendants were arraigned on a four-count charge bordering on theft of over N1bn.
The charge sheet read that Dare Osamo, Ayoola Olore Abisola, Hussaina Abdulkadir and others now at large, between 2016 and 2019 at Star Orient Nigeria Limited at JUH12 Muritala Mohammed International Airport, Ikeja, conspired to commit felony to wit: Forgery, Obtaining money by faise pretence and stealing.
The charge sheet added that the defendants forged a Star Orient Nigeria Limited Board Resolution dated July 31 2018 and December 15, 2015 respectively with intent that it may in any way be used or acted upon as genuine to the prejudice members of the public, Corporate Affairs Commission, First City Monument Bank and Access Bank.
“That you Dare Osamo, Ayoola Olore Abisola and Hussaina Abdulkadir and others now at large on same date, time and place in the aforesaid Magisterial District did obtained the sum of N1,605,019,015.01 (One billion six hundred and five million, nineteen thousand and fifteen naira one kobo) from Star Orient Nigeria Limited in the pretence of selling and buying aviation products” it read.
The offence was said to be punishable under Section 287, 314, 365 and 411 of the Criminal Laws of Lagos State of Nigeria, 2015.
Magistrate A.A Oshoniyi further granted the defendant bail in the sum of N5 million with two sureties.
The sureties were required to provide evidence of payment of tax, means of identification and address to be verified.
Star Orient (Aviation) recently announced that it audited its operational and accounting systems, an exercise that led to the resignation of the former Managing Director, Mr. Dare Osamo.FCA, who is the first defendant.
Osamo was arrested over a petition to the Commissioner of Police, Airport Command over an alleged misappropriation and money laundering through an Access bank account of the company, an allegation he claimed at the time was boardroom politics.
According to a statement from Star Orient Aviation, several bank accounts had been opened without authorization of the company board by the former Managing Director and recent audit exercise however led to the discovery of those bank accounts.