The Economic and Financial Crimes Commission, EFCC, Monday, arraigned one Stephen Omaidu before Justice M. A. Nasir of Federal Capital Territory High Court sitting in Jabi, Abuja, on a two-count charge bordering on theft to the tune of N68.028 billion.
Omaidu, in connivance with Alhaji K. B. Kabiru, Godswill Oyegwa, Ben and Oliver, all at large, allegedly hacked into the server of a second-generation bank and transferred N68.028 billion into different accounts for personal gains.
The offence is punishable under Section 287 of the Penal Code Act.
Following Omaidu’s no guilty plea, counsel to EFCC, S. A. Ugwuebgulam, asked the court to fix a date for trial to commence.
However, defence counsel, Gabriel O. Sanifu, urged the court to admit the accused to bail, pending trial, saying the offence is bailable.
Ugwuegbulam objected to the application on the ground that the accused had failed to honour the administrative bail terms earlier granted him by the commission and could do same if not remanded by the court.
Justice Nasir ordered the accused remanded in the custody of EFCC and adjour-ned the case to April 28 for ruling on the bail application.
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