The Federal High Court in Abuja on Monday, ordered the remand of Olugbenga Obadina, Chairman and Chief Executive Officer (CEO), Almond Projects Limited, in Kuje Correctional Centre over alleged N2.17 billion fraud.
The judge, James Omotosho, gave the order after Mr Obadina was re-arraigned by the Economic and Financial Crimes Commission (EFCC) on eight counts of money laundering.
The News Agency of Nigeria (NAN) reports that Sambo Dasuki, a former National Security Adviser (NSA). during the President Goodluck Jonathan government, was accused of criminal diversion of funds to the tune of $2.1billion.
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The money was allegedly part of funds earmarked by the federal government to fight Boko Haram insurgency in the northeast.
NAN reports that the EFCC had, in the charge marked: FHC/ABJ/CR/142/2016, listed Mr Obadina and Almond Project Limited as 1st and 2nd defendants.
Upon resumed hearing on Monday, EFCC’s lawyer, Ibrahim Buba, told the court that the matter was fixed for arraignment of Mr Obadina and his company and he was ready to proceed.
Mr Obadina’s lawyer, Saheed Sanusi, a Senior Advocate of Nigeria, and the company’s lawyer, Adeola Adedipe, also a SAN, did not oppose Mr Buba’s application.
The defendants pleaded not guilty to all eight counts read to them in court on Monday.
The anti-graft agency’s lawyer then sought a trial date and prayed the court to remand Mr Obadina in a correctional centre until the next adjourned date.
NAN
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