Ikeja - Three businessmen, Roland Enang, Sam Onuoha and Theo Ohiagu, on Tuesday appeared before an Ikeja High Court over an alleged N25 million fraud.
The News Agency of Nigeria (NAN) reports that they were arraigned alongside their company, Claysworth Oil Ltd., before Justice Adeniyi Onigbanjo.
Enang, 41, resides at No. 1 Oye Balogun St., Lekki, Lagos, while Onuoha,53, and Ohiagu, 64, are both resident at No.19, Castle Road, Lekki Extension, Lagos.
The Economic and Financial Crimes Commission (EFCC) charged the accused persons with conspiracy and obtaining money under false pretences.
EFCC Counsel, Zainab Etuh, submitted that they fraudulently obtained N25 million from Africoat Ltd., on March 17, 2011 in Ikeja.
Etuh said that they falsely obtained the sum in the pretext of securing a guarantee from the HSBC Bank, Hong Kong for a company, Delta Omega Ltd.
She said that the offences contravened Sections 1(2)(3) and 8 (a) of the Advance Fee Fraud and Other Fraud-Related Offences Act, No. 14 of 2004.
NAN reports that if convicted, the accused can be jailed for 20 years.
All the accused, however, pleaded not guilty to the two-count charge.
The court granted them bail in the sum of N1 million with two sureties each.
The judge ordered that the sureties must be resident in Lagos State and should produce evidence of two years tax payment to the Lagos State Government.
He said that one of the sureties must own a landed property in Lagos State, while the other must be a civil servant of Grade Level 12 and above.
"The accused persons shall report to the Investigative Police Officer (IPO) on the first Friday of every month pending the determination of the case.
"They are also to surrender their international passports and other travelling documents to the EFCC, which shall not be released without the express permission of the court," he ruled.
He adjourned the case till Dec.16 for substantive trial.
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