Justice Chuka Austine Obiozor of a Federal High Court, Lagos, today, further ordered the remand of Mr. Fidelis Egueke, the Asaba Branch manager of Zenith Bank Plc, who was charged before him on alleged N179. 498 million fraud, in the custody of Force Criminal Invested Department (ForceCID) Headquarters annex, Alagbon, Ikoyi, Lagos.
Justice Obiozor, further ordered the remand of the banker, for another seven days, at the instance of his counsel, Mr. C. A. Ajuyah (SAN), who pleaded with the court, to allow him to be in the police custody rather than in the custody of of Nigerian Correctional Services (NCoS), till when he would have perfect his bail terms.
Force CID through its prosecutor, Mr. Morufu Animshaun, had on last Thursday, arraigned the banker, Fidelis, before the court on a three count-charge of conspiracy, obtaining by false pretence and fraud.
Arraigning the defendant, Animashaun had 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 yourselves 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.
He also told the court that the banker, 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 of low standard.
The prosecutor had told the court that the offences committed by the defendant, are contrary to Section 8(a) and 1(1) of the Advance Fee Fraud and other Fraud Related Offences Act No. 14 of 2006 and punishable under section 1(3) of the same Act. And Section 390 (7) Criminal Code Act Laws of Federation 2004.
The Zenith Bank manager had however pleaded not guilty to the allegations.