The Economic and Financial Crimes Commission (EFCC) has arraigned a 42 year old Congolese, Seleto Papy, before Justice James Tsoho of the Federal High Court in Ikoyi, Lagos.
Mr. Papy was arraigned on a five-count charge bordering on unlawful possession of fake foreign currency totaling Thirty Eight Thousand Four Hundred American Dollars ($38,400).
After the charges were read out to the accused person, he pleaded not guilty to them. Prosecution counsel, Modupe Akinkoye, urged the court to remand the accused in prison and fix a date for the commencement of trial.
However, defence counsel, Adeniyi Odunsi, told the court that his client was entitled to bail based on the National Refugee Asylums Certificate. He urged the court to exercise its power judiciously, insisting that the accused person is presumed innocent until proven guilty.
After listening to the counsel on both sides, the judge, Mr. Tsoho, granted the accused person bail, but ordered that he should be remanded in prison custody until he meets the bail conditions.
The accused was then granted bail in the sum of N5million naira and two sureties in like sum. The judge said the sureties must have landed properties in Lagos and must be ready to submit their original Certificates of Occupancy. They must also produce an evidence of tax payment in the last 3 years and two recent passport photographs.
Mr. Papy was arrested on February 1, 2012, by the National Drug Law Enforcement Agency (NDLEA) operatives at the Murtala Mohammed International Airport, Ikeja, Lagos. He was arrested during an outward clearance of cargo at the Nacho Shed on Asky Airline en route Congo Kinshasa for trafficking fake currency and later handed him over to the EFCC.