The Economic and Financial Crimes Commission EFCC, on Thursday November 24, 2016, arraigned one Nwachukwu Placidus on a ten count charge that bothers on Fraud and Falsification of First City Monument Bank Certificate of Investment, before Hon. Justice I.B Gafai of the Federal High Court Awka in Anambra State.
When the charge was read to the accused person, he pleaded not guilty to the ten count charge preferred against him by the EFCC. In view of his plea, the defense counsel Barr. D. M. Ezeani immediately prayed the court to grant the accused bail.
But the prosecuting counsel Barr. S. M. H. Ibekwute Esq. vehemently opposed the bail application, and hinged his argument on the fact that the accused person already has a police record hanging on his neck, and as such might become elusive and stall his trial.
After listening to both counsels, the court however, granted the defendant bail in 2 sureties which must not be below grade level 14 in the civil service and must be verified by both the Head of Service and the Court Registrar.
The case was then adjourned to January 25, 2017, for commencement of trial.