EFCC arraigns businessman for alleged $60,334 theft

The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a businessman, Oladipo Jimoh, before an Ikeja Special Offences Court for allegedly stealing 60,334 dollars from Vale Blue Ltd.

It was reported that Jimoh was arraigned alongside his company, Barma Energy Resource Ltd., on a two-count charge bordering on stealing.

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

Following his not guilty plea, the EFCC counsel, Mr Gabriel Akaogu, asked the court for a trial date and also for the defendant to be remanded at the correctional centre.

Akpabio thereafter moved the bail application and urged the court to grant same.

She prayed the court that the defendant be remanded in EFCC custody until the bail was perfected.

The prosecutor, however, urged the court to give the defendant time limit of two to three days to be kept at EFCC custody before taking him to the correctional centre.

“The defendant came from our custody and as he was leaving, someone else took his space.

“We urge the court to give him time limit, maybe two to three days in our custody before he is transferred to correctional centre,” Akaogu said.

Justice Mojisola Dada, admitted the defendant to N200 million bail with two sureties in like sum.

Dada said the sureties must be gainfully employed and each must have N100 million in their account or a valuable landed property.

She said the sureties must show evidence of three years’ tax payment to the Lagos State government.

According to her, the addresses of the sureties must be verified by the court registrars.

“The defendant shall be remanded in correctional centre pending perfection of his bail.

“However, in view of no correctional officers in court today, due to security reasons, the defendant shall temporarily be remanded in EFCC custody,” Dada said.

The judge thereafter adjourned the case until Feb. 12, 2024 for commencement of trial.

The prosecution submitted that the defendant and his company, sometimes between Oct. 11 2022 and July 2023, allegedly converted the sum of money, property of Vale Blue Ltd. to his personal use.

According to the prosecutor, the alleged offences contravened Sections 278(1) (b) (2) (f) and 285 (1) of the Criminal Laws of Lagos State 2011.