Justice Olubusola Okunuga of the Lagos Special Offences Court in Ikeja has remanded Dr Muhammad Lamido at the Kirikiri Medium Correctional Centre over alleged N105 million fraud.

Mr Lamido, who is the Group Managing Director for Aliqea Group UAE, was arraigned in court by the Economic and Financial Crimes Commission (EFCC).

EFCC’s prosecution counsel, R.A. Abdulrasheed, had arraigned the defendant and his company, Aliqea Group UAE, on a four-count charge of conspiracy to obtain by false pretence and money laundering.

Mr Abdulrasheed said the offences contravened the Criminal Code Act in Nigeria.

The defendant pleaded not guilty to the four-count charge.

The defence counsel, Peter Olomola, thereafter pleaded with the court to allow his client to remain in EFCC custody after the prosecution had requested a trial date.

“We have responded to the bail options,” Mr Olomola said.

Mr Abdulrasheed, however, objected to the defendant’s bail application, informing the court that he had filed a counter-affidavit to oppose the grounds of bail.

The prosecution counsel urged the court to deny the bail application and argued that the defendant might jump bail.

Mr Okunuga, consequently, ordered the defendant to be remanded at the Kirikiri facility and adjourned the matter to December 13 to fix the trial date.

(NAN)