Justice Josephine Oyefeso of Ikeja High Court has ordered four men to be remanded in Ikoyi Prisons for allegedly stealing $500,000 belonging to a finance house, First Marina Trust Limited.
The men – Adeyemi Oluwaseun, Suleiman Yusuf Obhakume, Yusuf Imran Adekunle and Hakuna Issah – will remain in prison custody pending the arguments for and the granting of their bail requests.
The Economic and Financial Crimes Commission (EFCC) arraigned the men before the court on a two-count charge bordering on conspiracy and stealing.
They pleaded not guilty to the charges.
The prosecution counsel, Zainab Ettu, informed the court that the accused committed the offence on September 16, last year.
She said the offence is contrary to Section 409 and 285(1) of the Criminal Law of Lagos State, 2011.
Counsel to the third and fourth defendants, Mr. E. Abass, prayed the court for a short adjournment to argue the bail application of his clients.
Counsel to the first defendant, Mr. O. Awonuga, aside from applying for a bail, also sought a short adjournment to file a written address.
Justice Oyefeso ordered that the defendants be remanded in Ikoyi Prison pending the hearing of the bail application.
She adjourned the matter till July 11 for hearing of the applications.