The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned an Indian, Chandra Singh, at the Lagos Special Offences Court, Ikeja, for alleged N816 million fraud.
Singh was arraigned by the commission on a 19-count charge of bribery and retention of stolen property.
He, however, pleaded not guilty to the charges.
The EFCC counsel, Mrs. Bilikisu Buhari, urged the court to remand the defendant at the correctional centre following his not guilty plea.
She said: “We are also ready to open trial and have witnesses in court.”
The prosecution alleged the defendant had in January 2021, whilst in the employment of African Natural Resources and Mines Limited, influenced his employee to award the supply contract worth N365 million to his personal company, CVN Engineering Limited.
The commission also accused the defendant of influencing his employee to award the supply contract worth N451 million to Neo Paints Nigeria Limited during the same period.
The EFCC further submitted that the defendant dishonestly retained the sum of $4,150 belonging to African Natural Resources and Mines Limited.
The defence counsel, Hassan Olanrewaju, informed the court of the bail application for the defendant and asked for a short adjournment to enable him to prepare for the trial.
“I was only served with the amended information and proof of evidence this morning in court, and it will only be fair to be given time to prepare, ” Olarewaju said.
Justice Ismail Ijelu remanded the defendant in Ikoyi Correctional Centre and adjourned the case till November 30 for the hearing of bail application and commencement of trial.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: World Bank road projects go bad in Enugu, as state govt fails to fulfill promise
Counterpart funded road projects between the world Bank and Enugu State government have started to fail, as the state government...
INVESTIGATION: How N70m road construction created more hardship for Sokoto residents
“To address recurrent accidents on Gagi to Gidan Dilo road and Fakon Idi roads, in Sokoto State, the Federal Government,...
INVESTIGATION: Inside Kwara school where students are used as labour on teachers’ private farms
In this report, SHEREEFDEEN AHMAD uncovered how young students in Kwara State, Nigeria, are being used for labour work on...
INVESTIGATION: How Kano SUBEB awarded contracts to inactive contractors, non-existent schools
In an effort to address issues hindering quality education, the Kano State Government in 2020 awarded N88,406,667.10 for the construction...
SPECIAL REPORT: Hike in gas price forces more Nigerians to use coal, sawdust, as smoke kills 93,300 yearly
In the build-up to the 27th Conference of Party (COP 27), Nigeria recently launched its energy transition plan (ETP) as one of...