The Federal Government is prosecuting the Anosike brothers for fraud.
A Federal High Court in Lagos on Wednesday again adjourned a case filed by the Attorney-General of the Federation against the Anosike brothers and their company, Folio Communications Ltd, to February 14, 2013.
Fidelis and his brother, Noel, are facing a 21-count charge of conspiracy to commit felony by obtaining the sum of N25 million from the Education Trust Fund under the false pretence of utilising the money to set up an electronic library for the Daily Times.
The representation was said to be false while the alleged offence contravened Sections 1 (3) and 8 of the Advance Fee Fraud and other Related Offences Act, 2005.
The accused were also alleged to have conspired to obtain the sum of N100 million from Corporate Ideals Properties Ltd and Ikechukwu Obiorah, a Senator, under the guise that they had a printing factory at Lugbe, Abuja, when the claim was incorrect.
In the charge, the accused were also alleged to have laundered about N75 million which was realised from the sale of Daily Times property at Cold Harbour Lane, London.
At the sitting of the court on Wednesday before Justice Chukwujekwu Aneke, the arraignment of the two brothers was stalled, due to a preliminary objection filed by their counsel, James Orji.
Mr. Aneke adjourned the matter to Feb. 14 for hearing of the preliminary objection raised by the counsel to the Anosike brothers and the reply as filed by the AGF’s office for the Federal Government.
Controversy has trailed the sale of Daily Times to Folio since it occurred. The Anosike’s have also been accused of asset stripping, mismanagement and other crimes by different bodies and groups, including the Nigerian Union of Journalists.