The Economics and Financial Crimes Commission, EFCC, has arraigned a suspected fraudster, Kolawole Adebayo Erinle before a Special Offences Court in Ikeja, Lagos.
Kolawole Erinle was arraigned on a three-count charge which borders on advanced free fraud amounting to over $1.4m.
Arraigning the defendant, EFCC Counsel, Mr. Tope Banjo informed the court of an amended charge urging court to take his plea.
The defendant thereafter pleaded not guilty to the three count charges levelled against him.
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Subsequently, his counsel, Mr. Yinka Farounbi told the court that the defence has a bail application.
However, the judge, Justice Oluwatoyin Taiwo asked the counsel to come back on March 15 for the bail application.
The court subsequently ordered that the defendant be remanded in EFCC Custody pending a hearing of the bail application.
In the charge information, the anti-graft agency alleged that Kolawole Adedayo Erinle, Rinde-Rendex Nigeria Limited and Edward Dada (still at large) on or about the third day of May, 2019 at Lagos retain the control of the sum of $1,410,000 (one million, four hundred and ten thousand United State Dollar) in your Access Bank account which sum you knew to be proceeds of various internet and Cybercrimes.
