An Ikeja High Court on Thursday adjourned the arraignment of Bube Okorodudu, the Chairman of a popular transport company over the alleged theft of N82.8 million till February 12, 2014.
The arraignment, which had earlier been fixed for Thursday, 6th February had to be adjourned as it was not listed for hearing by the court in its cause list.
Okorodudu and his transport firm, Cross Country Ltd., will be arraigned alongside another company, Car Link Ltd on February 12 before Justice Lateef Lawal-Akapo, by the Economic and Financial Crimes Commission (EFCC).
They are facing a nine-count charge of conspiracy, stealing, forgery and uttering.
The EFCC counsel, Mr Francis Usani, alleged that the defendants conspired among themselves to commit the offences between February and August, 2009.
Usani said they stole the money through the fraudulent sale of 17 units of Volkswagen transporter buses belonging to AG Moeller Ltd.
He told the court that the buses were fraudulently sold to GMT Nigeria Ltd; Multichoice Nigeria Ltd; and Law Union and Rock/TFS Finance Ltd.
He also accused the defendants of forging a document entitled: “Nigeria Customs Service Motor Vehicle Duty Certificate,” to facilitate the alleged stealing.
The prosecutor said the offences contravened Sections 390, 467 and 468 of the Criminal Code, Laws of Lagos State of Nigeria, 2003.
If found guilty, Okorodudu might be facing between 7 and 20 years imprisonment.