Dantata: Court Adjourns Over Fourth Defendant’s Absence

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The Federal High Court sitting in Abuja has adjourned to April 15, 2021, the case between the federal government of Nigeria and Dantata Success and Profitable Company and four others.

The company and its promoters were last year charged before the Federal High Court in Abuja for investment fraud amounting to over N2 billion.

Those charged along with the company are Basira Ibrahim Dantata, Lawan Sanni and Gaji Ibrahim Dantata.

The defendants who were arraigned before Justice A.I. Chikere of Federal High Court 3, were alleged to have between 2018 and 2019 within the jurisdiction of the court with intent to defraud about 7,250 investing public to subscribe and invest in an unregistered investment scheme amounting to over N2 billion.

According to the charge, they committed an offence contrary to Section 54 of the Investments and Securities Act 2007 and punishable under same section.

When the matter came up in court Wednesday, one of the defendants Gaji Ibrahim Dantata was not available due to health reasons.

Justice Chikere thereby adjourned the matter to April 15, 2021, for plea and motion filed by the defendants.

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