EFCC Arraigns Man For Allegedly Issuing N102.8m Dud Cheque, Theft

Asu was arraigned alongside his company, Aquilus Bulls, and others on nine counts bordering on the issuance of dud cheques and stealing.

On Thursday, December 14, the Economic and Financial Crimes Commission, EFCC, dragged a man, Oluwatobi Asu, before an Ikeja Special Offences Court over the alleged issuance of a N102.8 million dud cheque.

Asu was arraigned alongside his company, Aquilus Bulls, and others on nine counts bordering on the issuance of dud cheques and stealing.

The defendants, however, pleaded not guilty to the charge.

The EFCC counsel, Mr Ahmed Yerima, thereafter asked the court for a trial date, following their not guilty plea.

The defence counsel, Mr Oluseye Demuren, in a motion dated Dec. 11 and filed on Dec. 13, urged the court to grant the defendant bail on liberal terms.

He informed the court that EFCC had already granted administrative bail to the defendant, which he had faithfully complied with.

“The defendant has entered a N50 million bond with the commission and he has produced three sureties, whose copies of international passports have been submitted with the EFCC.

“The defendant has also submitted the original copy of his international passport to the commission.

“We urge the court to grant bail to the defendant on liberal terms,” Demuren said.