The Economic and Financial Crimes Commission, EFCC, has arraigned one Solomon Idonije, before a Special Offences Court in Ikeja over allegations of N20 million foreign exchange fraud.
EFCC alleged that Idonije on Dec. 21, 2020 in Lagos obtained the sum of N4.8million from Iyen Omowuiugbe for Forex Trade through Solomon Ace Forex Investments.
The anti-graft agency also alleged that Idonije on Dec. 23, 2020 in Lagos, obtained N4.1million Omowuiugbe.
EFCC said the offence contravened the provisions sections 1(1) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
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He however pleaded not guilty and Mr Ebuka Okongwu, who held the brief of the Prosecution Counsel, Mr Gabriel Akaogu, prayed the court for a trial date for the prosecution to present its witnesses and evidence to prove the case against the defendant.
The defence counsel, Mr Jonathan Okagbero, however informed the court of an application for the bail for the defendant.
Justice Oluwatoyin Taiwo subsequently ordered that Solomon Idonije, be remanded in custody of the EFCC pending hearing and determination of his bail application.
The matter has been adjourned till July 13 for hearing of the bail application.