Commission, EFCC, yesterday arraigned
one Stephen Omaidu before Justice M.
A. Nasir of Federal Capital Territory
High Court, Abuja, on a two-count
charge of theft of N68. 028 billion from
an undisclosed new generation bank.
Omaidu, in connivance with Alhaji K.
B. Kabiru, Godswill Oyegwa, Ben and Oliver (all at large) allegedly hacked into
the server of the bank and transferred the
money into different accounts for personal
The offence is punishable under section
287 of the Penal Code Act.
Following his “not guilty” plea, counsel
to EFCC, Mr. S. A Ugwuebgulam, asked
the court to fix a date for trial to commence.
However, defence counsel, Gabriel
Sanifu, urged the court to admit the
accused to bail pending trial, saying, the
offence is bailable.
Ugwuebgulam objected to the application
on the ground that the accused had failed
to honour the administrative bail terms
earlier granted him by the EFCC and could
do same if not remanded by the court.
Justice Nasir ordered the accused to be
remanded in the custody of the EFCC and
adjourned the case to April 28, 2015 for
ruling on the bail application

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