EFCC Arraigns Cecil Osipitan And Her Company For Defrauding Deceased PHCN Workers Of Their N6bn Insurance Benefits



The EFCC, on Thursday, 21 October, 2021 arraigned the Managing Director of PJO Ventures Limited, Cecilia Osipitan and her company, PJO VENTURES LIMITED, and INSURANCE RESOURCERY and CONSULTANCY SERVICES LIMITED before justice U.P Kekemeke of the Federal Capital Territory High Court, Maitama, Abuja on a nine count charge bordering criminal breach of trust, conspiracy and conversion of public funds to the tune of N6, 000,000,000.00(Six billion Naira).

The money was meant for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of the defunct Power Holding Company of Nigeria, (PHCN).

 The offence contravenes Section 311 of the Panel Code Act Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004 and punishable under Section 312 of the same Act. 

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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