The Economic and Financial Crimes Commission, EFCC, Lagos zonal office, on Tuesday, January 30, 2018, arraigned one Obi Terry before Justice Mojisola Dada of the State High Court sitting in Ikeja, Lagos on one-count charge bordering on stealing to the tune of N9million.
The defendant was arrested sometime in September 2017, following a petition received by the Commission from a complainant, Okezue Johnson.
The complainant alleged that Obi and his Chinese wife, Liu Hiu Yong, became elusive after collecting the sum of N9m from him for the production and importation of Thermal Paper Rolls from China.
The count reads:
"That you, Obi Terry, between November 2016 and May 2017, at Lagos within the jurisdiction of this Honourable Court, dishonestly converted to your own use the sum of N9, 000, 000.00k (Nine Million Naira) property of Mr. Okezue Chinedu Johnson".
The defendant pleaded not guilty to the count when it was read to him.
In view of his plea, the prosecution counsel, Mohammed Usman, asked the court for a trial date and also urged the court to remand the defendant in prison custody.
However, counsel to the defendant, Checthan West, told the court that he had a pending application for bail on behalf of his client.
He, therefore, urged the court to admit his client to bail.
In his response, Usman opposed the bail application moved by the defence counsel, adding that “My Lord, I was served with the application in court this morning. So, My Lord, I need some time to respond to the application, accordingly.”
Consequently, Justice Dada adjourned the case to February 7, 2018 and ordered the defendant to be remanded in Ikoyi prison pending the determination of his bail application.
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