EFCC arraigns Stanbic IBTC manager, one other for alleged N24m fraud

Auto dealer arraigned for laundering N207m

Two suspects by the name Olamide Salvador and Olusegun Olatunji, have been arraigned by the Economic and Financial Crimes Commission (EFCC) Lagos Zonal Office.

They were arraigned before Justice Sherifat Solebo of the Special Offence Court sitting in Ikeja, on a five-count charge bordering on stealing, forgery and conspiracy to the tune of N24, 183, 120.

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It was gathered that the first defendant, Salvador, allegedly conspired with the second defendant, Olatunji, a manager in Stanbic IBTC, and some others now on the run to defraud one Foster Ene of the said sum of money.

The defendants pleaded not guilty to the charges preferred against them and were granted bail in the sum of N10,000,000.00 and two sureties in like sum.

Justice Solebo, however, ordered the defendants to be remanded in prison custody pending the fulfilment of their bail conditions and adjourned the matter to April 29 and 30, 2019.

By Todimu Ogunade…

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