Yobah, who is the Managing Director of Skyhigh Ventures Limited, was arraigned before Justice Sylvanus Oriji of the High Court of the Federal Capital Territory in Apo, Abuja, on a five-count charge, to which she pleaded not guilty.
She was said to have entered into a project financing agreement as “the contractor” with United Surgicals Limited as “financier.”
The financier and the contractor had entered into an agreement for United Surgicals Limited to finance Skyhigh’s sub-contract awarded to it by the Central Bank of Nigeria through an award letter referenced PSD/PP/GEN/PEL/001 and dated May 21, 2012 to install security surveillance systems at its Bauchi branch.
The contract was for a total consideration of N222, 836,551.07.
By the earlier agreement entered into by the parties, United Surgicals granted the sum of N40 million to Skyhigh as loan and that attracted a monthly interest rate of 15 percent.
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