A Federal High Court, Lagos, has ordered the remand of the Asaba branch manager of Zenith Bank Plc, Fidelis Egueke, in the custody of Force Criminal Investigation Department, Alagbon, Ikoyi, till Tuesday, December 1, 2020, when his bail application would be entertained.
Justice Austine Chuka-Obiozor, made the remand order against the Zenith Bank Manager, after he pleaded not guilty to the three counts charge of conspiracy and fraud of about two hundred million naira, made against him by the police.
Arraigning the defendant, Police Counsel, Mr. Morufu Animashaun, told the court that the defendant and others now at large, between May 14, 2010 and December 31, 2019, at No. 2 Balogun Close, Ikoyi, Lagos, conspired among themselves to obtain the said sum from Dr. Jude Eugene, Managing Director of Global Select Investment Services Limited, by false pretence that he will help him sell some goods and remit money to his bank.
Mr. Animashaun, told the court that the defendant, upon selling the goods, diverted the proceeds to his account Zenith Bank Account Number 1020019782, while informed the fraud victim, Dr. Jude, that most of the goods he imported from USA were inferior and un-demanded for.
Arguing the bail application, the defendant counsel, Mr. Richard Ahaomarugho, orally urged the court to grant bail to his client.
The request was turned down by the court while adjourning for commencement of trial.
Olaoluwa Adekunle
