Lagos - Two oil marketers, Mahmud Tukur and Abdullahi Alao on Tuesday informed an Ikeja High Court that they were in discussion with the Economic and Financial Crimes Commission, regarding the charges preferred against them.
The News Agency of Nigeria (NAN) reports that Tukur and Alao were charged to court for an alleged N1.8 billion fuel subsidy fraud.
The defendants are sons of Bamanga Tukur, the National Chairman of the Peoples Democratic Party (PDP) and prominent businessman, Abdulazeez Arisekola-Alao, respectively.
They were arraigned alongside Ochonogor Alex and Eternal Oil and Gas Plc before Justice Adeniyi Onigbanjo of a Lagos High Court.
The defendants had pleaded not guilty and were each granted bail in the sum of N20 million.
At the resumed proceedings on Tuesday, the defence counsel, Wole Olanipekun and Prof. Taiwo Osipitan (both Senior Advocates of Nigeria), hinted the court of the talks between the parties.
Olanipekun said:"We have studied the processes filed by the prosecution.
``We as senior counsel, owe it as a duty to our clients to enter into discussion with the prosecution regarding the charge.
"That is why we did not challenge the charge when it was filed.
"We are, therefore, asking the court to give us more time to engage in this discussion, so that the matter can be speedily resolved".
EFCC counsel, Mr Rotimi Jacobs (SAN) also confirmed that both parties were talking.
The judge acceded to their request and adjourned the matter to Dec. 15 for mention.
NAN