An Ikeja Special Offences Court has ordered a businessman, Olufemi Adungbe to be remanded in Economic and Financial Crimes Commission (EFCC) custody over alleged N9.5 million fraud.
Adungbe will remain in the custody of the agency pending hearing of his bail application on March 12.
The EFCC had arraigned Adungbe and a cleric, Solomon Durodola, before Justice Sherifat Solebo over the alleged N9.5 million fraud.
Adungbe and Durodola, first and second defendants, were arraigned alongside their company, Winnard Limited and Soladex Ventures Limited respectively.
While Adungbe is facing a two-count charge offence bordering on stealing and issuance of dud cheque, Durodola is facing a one count charge of allowing use of premises for unlawful purposes.
EFCC prosecutor, Mrs Bilikisu Buhari said Adungbe alleged that the first defendant, Adungbe and his company, Winnard Limited, dishonestly converted to their use N400,000 belonging to Mr Eric Igbokwe.
According to her, the first defendant on May 6, 2013, issued a dud cheque of First Bank with no. PO24330036 to Mr B.C. Igwe for N9. 1million with an intent to commit fraud.
She alleged, “Durodola and his company, Soladex Ventures Limited, allowed them to use their premises located at Plot B, CAC Street, Baba-Oba Bus Stop, Egbeda on Idimu Road, Lagos, to perpetuate the N400,000 fraud against Igbokwe.She said the offence was committed on September 28, 2012, in Ikeja and contrary to and punishable under Sections 1(1)(b), 2(b) of the Dishonoured Cheques Act 2004, Section 3 of the Advance Fee Fraud and Other Related Offences Act 2006, and Sections 278(1), (b), 285 (1) of the Criminal Law of Lagos State, 2011.
The defendants however pleaded not guilty to the charges preferred against them by the anti-graft agency.
Counsel to the second defendant, Mr M. Nene-Josiah, told the court that he has a bail application dated February 20 and asked the court to grant his client bail on self-recognizance.
. Nene-Josiah told the court that the only charge against his client is on count three for allegedly allowing his property to be used for theft of N400, 000.
“The second defendant is a respected reverend in his church. I urge Your Lordship to grant him bail on self-recognizance”, he pleaded.
Counsel to Adungbe, the first defendant, Mr Deji Fashesi, told the court that he had just served the EFCC the applicationfor his bail in the courtroom.
The EFCC prosecuor, Mrs Buhari however, requested for time to respond to the bail applications.
Justice Solebo,however declined the request for bail for Adungbe but granted Durodola bail in the sum of N200,000 with a surety in like sum.
Justice Solebo ordered that the businessman should remain in the custody of the anti-graft commission and adjourned the case until March 12 for trial.