The Abuja Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned Aminu Datti Ahmed before the Federal Capital Territory High Court in Jabi, Abuja, over N15 million fraud involving the misappropriation of funds.
Ahmed was arraigned on a one-count charge bordering on the dishonest conversion of funds.
According to the charge, the defendant and Blackrock Apartments & Suites Limited converted N15 million that was mistakenly credited to a Taj Bank account belonging to Ahmed, the Chief Executive Officer (CEO) of the company, instead of Braverock Investment Limited, which was scheduled to receive the payment as part of a property acquisition transaction.
The EFCC stated that rather than returning the funds after the error was discovered, the defendant dishonestly converted the money to personal use.
The anti-graft agency said the offence contravenes Section 308 of the Penal Code Law, Laws of the Federation of Nigeria, 2004, and is punishable under Section 309 of the same law.
When the charge was read in court, Ahmed pleaded not guilty.
Following his plea, prosecution counsel N.M. Tertsua urged the court to fix a date for trial and remand the defendant in a correctional facility pending the determination of the case.
Counsel to the defendant, Isyaku Musa, however, applied for bail, a request that was not opposed by the prosecution.
Justice Idris granted the defendant bail in the sum of N10 million with two sureties. The court ordered that one of the sureties must be a businessman with a valid business registration certificate and must depose to an affidavit as part of the bail conditions.
The judge thereafter adjourned the matter until October 21, for the commencement of trial.
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