The Economic and Financial Crimes Commission, EFCC, on Tuesday, November 21, 2017 arraigned the duo of Chester Ukandu and Achi George before Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, Lagos on a two-count charge bordering on conspiracy and forgery.
The complainant, Mainstreet Bank Registrars Limited, alleged that Ukandu, a former employee of the company, conspired with some staff to steal some of the company’s computers and documents for his own personal use.
Ukandu, who is the first defendant, also allegedly held an illegal general meeting to change the name of the company.
The complainant further alleged that Ukandu also served notices, including forged Corporate Affairs Commission( CAC) documents, to the bankers to the company to change the signatories to its account to his name and that of his accomplices.
The suspects pleaded not guilty to the charge preferred against them.
In view of their pleas, the prosecution counsel, Ayokunle Fayanju, asked the court for a trial date and prayed that the suspects be remanded in prison custody.
However, counsel to the defendants, Samuel N. Agwe, told the court that he had a pending application for bail on behalf of his client.
He, therefore, pleaded with the court to grant his clients bail on liberal terms.
After listening to both counsels, Justice Aikawa granted the accused bail in the sum of N20 million each with one surety each.
Each surety must have a landed property in the Ikeja, Ikoyi, Lekki or Victoria Island area of the state.
The Certificate of Occupancy, C o O, on the property must be verified and deposited with the Deputy Chief Registrar of the court.
Each of the surety must deposit a sum of N20 million as a bond to the court.
The defendants were also ordered to report to the EFCC office every Monday of the month.
They were also ordered to sign an undertaking not to delay their trial.
Justice Aikawa ordered the defendants to be remanded in prison custody pending the perfection of their bail conditions and adjourned the case till December 12, 2017 for continuation of trial.
