RismadarVoice Reporters
July 30, 2026
The Economic and Financial Crimes Commission (EFCC) has arraigned the director of Rhas Nigeria Limited, Liwa Sarirddine, and the company before the Federal Capital Territory High Court in Abuja over the alleged issuance of a N10 million dud cheque.
The defendants were arraigned by the Abuja Zonal Directorate of the Commission before Justice A.H. Musa on a one-count charge bordering on obtaining credit through a dishonoured cheque.
According to the charge, the defendants allegedly obtained credit worth N10 million from Ismail and Partners in 2020 by issuing a cheque dated October 15, 2020, which was later returned unpaid by the bank due to insufficient funds.
The EFCC said the alleged offence contravenes Section 1(1)(b) of the Dishonoured Cheques (Offences) Act, Cap D11, Laws of the Federation of Nigeria, 2004, and is punishable under the provisions of the same Act.
When the charge was read in court, Sarirddine pleaded not guilty on behalf of himself and the company.
Following the plea, prosecuting counsel, Mariya U. Shariff, applied for a trial date and urged the court to remand the defendant in a correctional facility pending trial.
Defence counsel, however, moved an application for the defendant’s bail, which was not opposed by the prosecution.
Justice Musa subsequently admitted the defendant to bail in the sum of N5 million with two sureties in like sum. The court ordered that one of the sureties must be a civil servant not below Grade Level 10, while both sureties are required to depose to affidavits to be verified by the court registrar.
The case was adjourned for trial.
