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N36m fraud: Why I issued my supplier dud cheques – rice trader
The trial of a Lagos-based trader, Mrs Vivian Onwuka, and her company, A.V.K Investment Limited, for alleged N36 million fraud over supply of rice continued at the Federal High Court, Lagos, yesterday.
Mrs Onwuka told the trial judge, Justice James Tsoho, that the dud cheques she allegedly issued to the complainant were not meant for presentation to the bank for payment, but as a guarantee to assure the complainant, Maliiinson and Partners Limited of payment if the bags of rice she would be supplying her in a follow-up process to an initial supply turned out to be good.
The defendant, while being led in evidence by her lawyer, Mr C.A. Nnakwe, said the quality of rice Maliiinson and Partners Limited had initially supplied was bad.
She added that when her customers started complaining about the bad quality, she called the attention of the supplier, who visited her at her Dalekon market, Isolo, Lagos, shop to verify her claim.
Daily Trust, Tuesday 26, March
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