EFCC Docks 5 Over N25 million Fraud

The Economic and Financial Crimes Commission, EFCC, on Wednesday October 13, 2010 arraigned five suspects: Luqman Babalola, Herbert Ogunwale, Olurotimi Ogunwale, Gbolagade Alayande and Batun Oil & Gas Limited before a Lagos State High Court sitting in Ikeja, on a two count charge  for offences bordering on fraudulent conversion with intent to steal over N25 million. All the five accused however pleaded not guilty when the two counts were read to them.

  Counsel to EFCC, George Adebowale then asked the court to fix a date for trial as the Commission was ready with evidence. However, counsel to the accused persons, Barrister A. Odebowale, told the court that he was with his bail application which he intends to serve the prosecution and therefore asked the court to give a short adjournment for them argue on the bail application.
 
He also pleaded with the court to remand the accused persons in EFCC custody pending the determination of their bail application. The prosecution counsel however told the court that the Commission cannot accommodate the accused persons in its custody as its facilities were already overstretched.

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