Four middle-aged men Adeyemi Oluwaseun, Suleiman Yusuf Obhakume, Yusuf Imran Adekunle and Hakuna Issah were today arraigned before a Lagos State High Court, Ikeja for stealing the sum of $500,000 belonging to First Marina Trust limited.
The defendants who were arraigned on 2 count charge bordering on conspiracy to steal pleaded not guilty to the charges preferred against them.
The prosecution counsel, Zainab Ettu, informed the court that the defendants committed the offence on 16th September, 2016.
She further told the court that, the offence is contrary to section 409 and 285(1) of the criminal law of Lagos State, 2011.
Counsel to the 3rd and 4th defendants, Mr. Abass E. asked the court that the defendants should be remanded in Ikoyi prison.
He further asked the court for short adjournment to argue the bail application.
Counsel to 1st defendant, Mr. O Awonuga also applied for short adjournment to file a written address to argue the bail application.
The presiding judge, Justice Josephine Oyefeso, however ordered that the defendants should be remanded in Ikoyi prison pending the hearing of the bail application.
She further adjourned the matter till 11July, 2017 for hearing all the pending applications.