An Ikeja Special Offences Court on Monday remanded two businessmen, Isita Oprah and Anthony Nosy, in custody of Correctional Centres over alleged theft of N100million.
Their remand followed their not guilty plea to the alleged theft.
The Economics and Financial Crimes Commission, (EFCC) had on Monday arraigned the businessmen before the court for allegedly stealing N100 million from Virgin Forest Energy Limited.
The two defendants were arraigned on a two count charge alongside their company, Homeland Overseas Limited before Justice Oluwatoyin Taiwo.
According to EFCC Counsel, Ananah, the defendants on February 3, 2016, dishonestly converted the said sum to personal use.
The defendants pleaded not guilty to the charges.
Following their not guilty plea, the defendant counsels, Mr. Henry Ifieawe and Mr. C.H. Nwuk urged the court to grant their clients bail in a liberal term.
They told the court, that bail application has been filed and copies served on the prosecutor.
Responding, EFCC Counsel, A. Ananah opposed the bail application saying that the commission would be responding to that effect.
Delivering ruling after entertaining submission of counsels, Justice Oluwatoyin Taiwo ordered the defendants to be remanded at the EFCC Custody pending determination of their bail application.
Subsequently, the Judge adjourned till December 4 to rule on their bail application.