Alleged N6.2m investment fraud: Court refuses to admit businessman to bail

JUSTICE Angela Otaluka of an FCT High Court Apo, on Tuesday, refused to grant an oral application for bail for a businessman, Ode Aimeghonwan, charged with alleged N6.2 million investment fraud.

Otaluka, therefore, ordered that Aimeghowan be remanded in Kuje prison, pending a written bail application for the defendant.

She adjourned the case until May 21, for the hearing of the bail application.

The Economic and Financial Crimes Commission (EFCC) arraigned the defendant, owner of Viscount Multipurpose co-operative society on criminal breach of trust.

The EFCC Counsel, Fatima Gwaram, told the court that the defendant committed the alleged offence on Dec. 30, 2016.

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Gwaram told the court that the offence contravened the provisions of Section 312 of the penal code law.

The defendant, however, pleaded not guilty to the charge.

Oluwatosin Ojaomo, counsel to the defendant, told the court that the defendant was not given enough time to prepare for the trial as he was not served on time.

Ojaomo made an oral application for bail on the basis that the defendant was brought for trial from EFCC custody.

Gwaram counsel to EFCC, however, objected to the bail application and prayed the court to remand the defendant in EFCC custody.

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