Former Edo Company Manager Arraigned Over N7million Fraud

The Economic and Financial Crimes Commission EFCC , November 6 ,2017 arraigned Matthew Aluya before Justice R. Irele Ifijeh of the State High Court sitting in Ubiaja, Edo State. Aluya was alleged to have sometime in July 28, 2017 within the jurisdiction of the High Court of Edo State while being the Branch Manager of Betowan Nigeria Limited, Uromi, Edo State fraudulently converted the sum of Seven Million and Seven Thousand Four Hundred and Seventy Two Naira, Five Kobo (7, 007, 472. 05) being proceeds of sale of recharge cards property of Botowan Nigeria Limited.



The suspect pleaded not guilty to the charge .

The prosecution counsel, Moses Arumemi thereafter moved a motion seeking the that accused be remanded in prison custody and a date given for commencement of trial.

The judge, after listening to arguments of both counsels, granted the accused bail in the sum of Five Hundred Thousand (N500,000) naira only with two sureties in like sum who must be resident within Edo State.

The sureties must deposed to an affidavit of means which must be verified by the the court and adjourned the trial to December 4, 2017 while the accused is to be remanded in Ubiaja Prison custody pending perfection of bail conditions.