The Economic and Financial Crimes Commission, EFCC has arraigned one Emmanuel Jayeoba and his son, Ademola Jayeoba Wales before the Federal High Court in Ikoyi, Lagos on a two-count charge bordering on illegal banking activities.
They were arraigned on Monday before Justice I. Nicholas Oweibo but they pleaded not guilty to the charges proffered against them by the EFCC.
The two charges against the defendants reads thus:
After they both had taken their plea, the prosecution counsel, Chinenye Okezie prayed the court that they be remanded at the correctional facility and for a trial date.
Counsel to the defendants, Olaniyi George told the court that an application for bail for the defendants is before the court.
He prayed the court to allow his clients to be remanded in EFCC’s custody pending the hearing of the bail application.
The presiding judge , Justice Oweibo adjourned the matter to Wednesday for a hearing of the bail application and ordered the remand of the defendants in the EFCC custody.
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