By Innocent Anaba

Two oil service companies and their directors, were, Monday,  arraigned by Economic and Financial Crimes Commission, EFCC, before a Federal High Court sitting in Lagos for allegedly inducing a financial institution to deliver to Danium Energy Services Limited the sum of N1.57billion.

Counsel to EFCC,  Rotimi Oyedepo, in the charge,  said the accused on or about October 5, 2016 in Lagos, with intent to defraud, conspired to inducing Fidelity Bank Plc to deliver to Danium Energy Services Ltd N1, 573,146,000.00. The commission said it was under the false pretense that Total Nigeria Plc contracted Danium Energy Services Ltd to supply 10,000 Metric Tons of Automotive Gas Oil, AGO, for  N1,990,440,000.

The defendants are Ogbor Kehinde Eliot, Godwin Okoronkwo, Danium Energy Services Ltd and Petrosol Energy Limited. In response, counsel to the 1st and 3rd defendants, I.O. Ayoade explained that he had filed an application for bail on behalf of his clients. He also prayed the court that his clients be remanded in EFCC custody pending the hearing and determination of the said bail application. In a short ruling, Justice Oguntoyinbo ordered that the defendants be remanded in the custody of the EFCC until October 11, 2017 for their bail applications would  be heard.

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