Omaidu, in connivance with Alhaji K. B Kabiru, Godswill Oyegwa, Ben and Oliver (all at large) allegedly hacked into the server of a second-generation bank and transferred the sum of sixty eight billion, and twenty eight million naira into different accounts for personal gains.

The Economic and Financial Crimes Commission, EFCC, on Monday, April 20, 2015 arraigned one Stephen Omaidu before Justice M. A Nasir of Federal Capital Territory High Court sitting in Jabi, Abuja on a two count charge bordering on theft to the tune of N68, 028, 000, 000.00 (sixty eight billion and twenty eight million naira).

Omaidu, in connivance with Alhaji K. B Kabiru, Godswill Oyegwa, Ben and Oliver (all at large) allegedly hacked into the server of a second-generation bank and transferred the sum of sixty eight billion, and twenty eight million naira into different accounts for personal gains.

The offence is punishable under section 287 of the Penal Code Act.

Following his “not guilty” plea, counsel to EFCC, S. A Ugwuebgulam asked the court to fix a date for trial to commence.

However, defence counsel, Gabriel O. Sanifu urged the court to admit the accused to bail pending trial saying, the offence is bail-able.

Ugwuebgulam objected to the application on the ground that the accused had failed to honour the administrative bail terms earlier granted him by the Commission and could do same if not remanded by the court.

Justice Nasir ordered the accused to be remanded in the custody of the EFCC and adjourned the case to April 28, 2015 for ruling on the bail application.

Wilson Uwujaren

Head, Media & Publicity

21st April, 2015