On Wednesday, the Ikeja Special Offences Court was charged by the Economic and Financial Crimes Commission against a man named Mike Obaze for allegedly stealing N15.5 million in proceeds from car sales.

The anti-graft agency preferred three counts of theft against Obaze, which led to his arraignment.

Ahmed Yerima, the prosecutor for the EFCC, informed the judge that the defendant allegedly committed the crime in Lagos between November and December 8, 2021.

According to him, the defendant purportedly converted N7 million that came from the sale of a Mercedes GL 12 Model that belonged to Mr. Anene Nwandukwe.

Yerima further claimed that the defendant transferred N8.5 million, the money received from the sale of a 2015 Toyota Corolla and a 2011 Toyota Camry, to his own use.

Nonetheless, the accused entered a not guilty plea to the charge brought against him.

Consequently, the prosecutor requested a trial date from the judge. However, Ms. Nneka Nkana, the defence attorney, told the court about the defendant’s February 13, 2024, bail application.

During the trial, Nkana informed the court that the defence would introduce two witnesses.

However, Yerima told the court that he needed some time to review the bail application because he had just been served.He also informed the court that three witnesses would be called by the prosecution to testify against the defendant.

So, the defendant was remanded at the correctional facility by Justice Olubunmi Abike-Fadipe.The case was postponed until February 22 so that the bail application could be heard.

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