The Economic and Financial Crimes Commission (EFCC) on Thursday was arraigned. Stephen Oshinowo, a former Lagos State Executive Secretary Scholarship Board, for alleged N127m fraud.
According to the News Agency of Nigeria a, Stephen Oshinowo was pleaded not guilty to the fraud charge during the arraignment before Justice Oluwatoyin Taiwo in an special offences Court at Ikeja, Lagos State .
According to the EFCC prosecutor, MrUsman Buhari, the scholarship board boss committed the offences between 2016 and 2018 in Lagos.
“Investigation revealed that Oshinowo, at various times, allegedly diverted to his personal use the total sum of N127.1 million meant for the Board.
“Sometime in 2018, he dishonestly converted N30 million property of Lagos State Scholarship Board, through one Oshinowo Adenike.
“Between Feb. 8, 2016 and Dec. 30, 2016 while acting as the Secretary of Lagos State Scholarship Board, dishonestly converted through Julikam International Ltd., the sum of N39 million,” the EFCC prosecutor said.
After the arraignment, Buhari asked for a trial date and also demanded that the former secretary be remanded at the correctional center.
The defence counsel, Mr Lawal Pedro (SAN), however, requested for a short adjournment for the hearing of Oshinowo’s bail application.
Justice Taiwo adjourned the case until July 3 for hearing of the bail application and ordered that the defendant be remanded in the custody of the EFCC.
Source : Pulse.ng
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