A director with a construction firm was on Tuesday arraigned before an Oyo state High Court sitting in Ibadan by the Ibadan zonal command of the Economic and Financial Crimes Commission (EFCC) over alleged stealing of N251. 685 million.
The director, Obakin Emmanuel Ajibola was arraigned before Justice Ladiran Akintola on a four count charge bordering on the N251.685 million belonging to a firm, Lee Fakino Nigeria Limited.
According to EFCC, Obakin who was one of the two directors of Lee Fakino Nigeria Limited and signatory to the company’s account allegedly committed the offence in December, 2022 in Ibadan,
The anti-graft agency said the defendant removed the telephone numbers and email address of the MD/CEO of the company from the bank details of Lee Fakino Nigeria Limited, through which notification alerts of transactions were received to enable him keep track of the account.
EFCC noted that the defendant, afterwards withdrew the said sum from the account of the firm, which was money paid for works executed by Lee Fakino Nigeria Limited for the Lagos State Ministry of Agriculture between December 22, 2022 and March 9, 2023 without any notification received by Fajemiyo.
Counsel to the defendant, Ibrahim Lawal urged the court to admit his client to bail.
Justice Ladiran Akintola in his ruling granted the defendant bail in the sum of N50 million and two sureties, preferably the wife and younger brother to the defendant, in like sum and adjourned the case till October 23, 2023 for further hearing.
