Justice D. V Agishi of the Federal High Court, Jos, Plateau State has remanded a First Bank Official and a Petrol Station MD in Prison over N900m Point of Sale, POS, fraud allegations.
The judge gave the remand order after their arraignment pending the determination of their bail application at the next hearing.
The Economic and Financial Crimes Commission, EFCC, had arraigned the petrol station MD, Naankang Dawan with his companies, Taen Nigeria Ltd, and Lataen Engineering Ltd along line a First Bank Official, Moruf Tunji Olukanmi on thirty one count charges.
The charges borders on conspiracy, money laundering and obtaining N908, 108, 974.52 by false pretence.
The commission alleged that Mr Dawan who inherited some companies including a petrol station from his family, connived with some Officials of First Bank, including Moruf Tunji Olukanmi (fourth defendant), to defraud customers using a POS terminal allocated to him.
They pleaded not guilty to the charges when read to them
Subsequently, the EFCC counsel Benjamin Manji asked for a trial date and that the suspects be remanded at the Correctional Centre pending trial.
But defence counsel, A.G Yirvoms informed the Court of a pending application for the bail of his clients.
Justice Agishi adjourned the case till July 26, 2021 for consideration of bail application and October 6, 2021 for trial.