Adamu and Ojiako’ arraignment followed a petition by one Atta Esin alleging that the defendants conspired and used his company name, Biolocks Technologies Limited, to execute contract without his knowledge.
The contract according to the petitioner was worth N26,230,399.60 (Twenty Six Million, Two Hundred Thirty Thousand, Three Hundred and Ninety Nine Naira, Sixty Kobo), but investigation into the alleged fraud revealed that the actual contract sum was N92,036,490 (Ninety Two Million, Thirty Six Thousand, Four Hundred and Ninety Naira Only).
The defendants, after entering a plea of ‘not guilty’ to the charge preferred against them, were granted bail in the sum of N2million each and one surety in like sum. The surety must be a public servant of grade level 12 or any resident of Kano with landed property within the jurisdiction of the court. The surety must also swear an affidavit of means in respect of the landed property must deposit his passport photograph with court registrar.
In the mean time, the court ordered that the defendants be remanded in EFCC custody pending the fulfillment of their bail conditions.
The case has been adjourned to April 16 for commencement of trial. It would be recalled that Adamu and Ojiako are currently facing trial on another 5-count count charge of money laundering before Justice J. K. Daggard of the Federal High Court, Kano.
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