The Economic and Financial Crimes Commission, on Monday arraigned four men for allegedly diverting N1.4bn which they obtained from the Bank of Industry under false pretense of investment.
The accused, who were charged before Justice Oluwatoyin Ipaye of a Lagos State High Court in Ikeja, are Johnson Salako, Toritseju Jemide, Enoche Ugbabe and Enebeli Theophilus.
They are been charged with five counts bordering on felony, stealing and forgery, contrary to sections 467 and 516 of the Criminal Code Law of Lagos State.
The EFCC, said that the accused “forged a Certificate of Occupancy of Lands Registry in Lagos State, which you pledged as security to obtain the facility.” Also the accused forged two title deeds to obtain the loan from BOI under the false pretence that they were investing it in a project.
Enoche and Enebeli pleaded not guilty to all the charges, following which Justice Ipaye ordered their remand in the prison custody.
The matter was adjourned till February 4, 2016 for the hearing of the bail application of the accused.
