Jimoh Ibrahim in EFCC Net
July 23, 2008 by 
Che Oyimnatumba
The Chairman of NICON Group of Companies, Barrister Jimoh Ibrahim, was yesterday Tuesday 22nd July 2008, arraigned by the Economic and Financial Crimes Commission (EFCC) on 6 count charges of fraud and forgery, totaling N1 billion Naira.
Counsel to EFCC, explained to the court that Jimoh Ibrahim was not able to be in court because the EFCC had granted him administrative bail. The Court adjourned the matter to 30th Day of July for the EFCC to bring Mr. Ibrahim to enter plea.
In the wordings of the charge, in September 2005, Mr. Ibrahim with intend to defraud, forged a board resolution of a company VGC communications to obtain a loan of I billion Naira.
From the recent arraignment, it is clear that the EFCC under Mrs. FaridaWaziri is after Obasanjo boys the manner in which Obasanjo ran after Abacha and politicians he considered obstacle to his third term bid. Before Mr. Ibrahim, it was the loquacious and brash Femi Fani-Kayode and Aborisade, the most recent past aviation ministers and pillars or rock in the Obasanjo administration.
A little unknown Jimoh Ibrahim was catapulted into National image when the Obasanjo administration sold her shares in NICON Insurance to Jimoh Ibrahim there by making him the largest share holders of the government owned NICON.
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