EFCC arraigns man for allegedly stealing N11.27m from bank

An Ikeja Special Offences Court on Tuesday remanded a 32-year-old man, Sedeliu Iziomo, in a correctional facility for allegedly stealing N11.27 million from Fidelity Bank Plc.

Iziomo is charged with a two-count charge of conspiracy and stealing by the Economic and Financial Crime Commission (EFCC).

Justice Oluwatoyin Taiwo remanded the defendant in Ikoyi Correctional Centre pending his bail application.

Taiwo adjourned the case until Aug. 8 for hearing of bail application.

EFCC Counsel, Mr Nnemeka Omewa, alleged the defendant stole the sum of N11.27 million, property of Fidelity Bank Plc.

Omewa told the court that the defendant conspired with one Jude Alpheous (already charged) on July 12, 2019, to steal the money from the bank.

The prosecutor also submitted that the defendant had between July 12 and 15, 2019, converted the N11.27 million to his personal use.

The defendant, however, pleaded not guilty to the two-count charge.

The prosecution urged the court to remand the defendant following his not guilty plea.

The defence counsel, Mrs Mercy Akabue, prayed the court for a shortest date for bail application.

According to the prosecution, the alleged offences contravened Sections 287 and 409 of the Criminal Laws of Lagos State, 2011.