Amadi, Fmr Eunisell CEO Didn’t Steal N2.9bn – Accountant Tells Court

A prosecution witness, Phillip Odekina, has told a Federal High Court sitting in Lagos, that former Chief Executive Officer of Eunisell Ltd, Kenneth Amadi did not steal the sum of N2.9billion from the company as alleged.

The former CEO is standing trial before the court on charges of fraud brought against him by the Attorney-General of the Federation.

Testifying before the court at the last sitting, Odekina stated that as CEO, Amadi was only interfacing with the customers with the aim of raising revenue for the company.

Led in evidence by the prosecution counsel, Mrs. Aderonke Imana, Odekina on Thursday admitted that as an accountant and finance manager with Eunisell Ltd for 10 years, he and his team raised waybills and invoices and not the defendant, Kenneth Amadi.

He further said that he discovered after an audit that there were inflows of money into Eunisell account but without narration or description.

“Our customers paid money into 2nd defendant’s account and from there, the money was remitted to us. Money was coming into our account but without narration,” he said.

Under cross-examination by Defendant’s lawyer, Dr. Monday Ubani, Odekina further admitted that it was a customer of Eunisell that owed the company about N103 million and not the defendant Amadi.

Responding to questions from Ubani, Odekina said: “It was the customer that was owing N103 million and not the 1st defendant. 1st defendant did not steal the money; it was AZ that was owing Eunisell.”

Under further cross-examination by Dr Ubani, the witness said that they conducted an audit after Kenneth Amadi left the company.

According to him, it was after the audit that they discovered that payments were made but without narration.

The following questions and answers then ensued:

Ubani: You reported to the police and wrote a statement that the defendant defrauded your company. Are you aware that after a full investigation into your petition, the police in its report exonerated Kenneth Amadi?

Philip Odekina: I am not aware.

Ubani: Are you also aware that EFCC after full investigation on your petition, wrote a report and exonerated Kenneth Amadi from the fraud allegation?

Philip Odekina: I am not aware.

Ubani: Are you also aware that former EFCC Chairman, Magu after investigating your claims that this man stole your N2.9 billion, exonerated him in his report.

Philip Odekina: I am not aware.

Ubani: Are you aware that your Managing director was charged to court for giving the police wrong information against the defendant?

Philip Odekina: I am not aware.

Ubani: Are you saying that the defendant squandered the N2.9 billion as you claimed?

Philip Odekina: He didn’t steal the N2.9 billion.

Ubani: Was Kenneth Amadi owing Eunisell any money?

Philip Odekina: It was the customer that was owing N103 million and not the 1st defendant.

Ubani: From your own testimony, this money was never stolen?

Philip Odekina: 1st defendant did not steal the money, it was AZ that was owing Eunisell.

Ubani: Finally, eventually after reconciliation, he did not steal any of your money, Yes or No?

Philip Odekina: Yes

Ubani: My lord, that will be all for the witness.

The matter was adjourned to February 18 for the continuation of trial as the Investigating Police Officer ( IPO) was not available at the proceedings on Thursday.

Meanwhile, the defence team urged the court to direct the prosecution to bring all the witnesses next adjourned date to conclude its case so that the defendant can open his defence and conclude the trial soonest.

Mrs Imana told the court that her last witness will be available next adjourned. date

At the conclusion of the cross-examination, Justice Ambrose Allagoa adjourned the matter till February 18 for the continuation of trial.

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