The Economic and Financial Crimes Commission (EFCC), Lagos Zonal office, Thursday, arraigned the former Executive Secretary, Lagos State Scholarship Board, Stephen Oshinowo, for alleged N127m fraud.
EFCC Head, media and Publicity, Dele Oyewale, in a press statement in Abuja, said Oshinowo was arrigned before Justice O.A. Taiwo of the Special Offences Court sitting in Ikeja, Lagos state, on amended eight-count charges bordering on criminal conversion to the tune of N127 million.
He said the investigation revealed that Oshinowo, at various times, allegedly diverted to his personal use the sum of N127, 164,066 meant for the Board.
The spokesperson said he pleaded not guilty to the charges when they were read to him and in view of his plea, the Prosecution Counsel, Usman Buhari, asked the court for a trial date and also prayed for the remand of the defendant.
Oyewale said the Defence Counsel, Lawal Pedro (SAN), however, prayed the court for a short adjournment to hear the bail application of his client.
He said Justice Taiwo, consequently, adjourned the case till July 3, 2020, for hearing on the bail application, and also ordered that the defendant be remanded in EFCC custody.
