Stephen Abah is a lecturer at the Ambrose Ali University in Edo State.
The Economic and Financial Crimes Commission, EFCC, on Tuesday arraigned a lecturer with the Ambrose Ali University, Ekpoma, Edo State, Stephen Abah, before of a Federal Capital Territory High Court presided over by Olasumbo Goodluck, on a two count charge bordering on criminal breach of trust, conspiracy and obtaining money by false pretence.
The accused is alleged to have, between August 2008 and March 2009, obtained $48, 500 (N7.5 million) from one Udeh Godwin under the guise of setting up a joint company; but diverted the funds to personal use.
The offence is contrary to section 311 of the Penal Code and punishable under section 312 of the same code.
The accused pleaded not guilty to the charge when it was read to him.
The defence counsel, Abel Ozioko, told the court that he had filed an application for bail and that the accused had been on administrative bail based on self recognition and that he presented himself in court.
The prosecution counsel, Sukuji Bandawa, on the other hand opposed the bail application on the grounds that he had just been served.
Mr. Goodluck adjourned ruling on bail application to June 4 and fixed July 11 and 16 for commencement of trial.