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The Digest:

The Lagos State High Court has ordered Oguibe Nwachukwu to be remanded at the Kirikiri Correctional Centre for the alleged theft of N200 million from his former employer, Travelstar Web Logistics Limited.

Key Points:
  • Accountant Oguibe Nwachukwu was remanded for the alleged theft of N200 million.
  • He faces 13 counts of stealing before the Lagos State High Court.
  • The EFCC alleges he converted $36,000 and $156,000 entrusted to him in 2018 and 2020.
  • The defendant pleaded not guilty to all charges.
  • The court adjourned the case until October 17 for a bail hearing.
  • The EFCC has recently prosecuted several high-profile financial fraud cases.
  • This case is part of the anti-graft agency's focus on custodians of funds.
This remand underscores the ongoing judicial process for addressing significant allegations of corporate financial misconduct.

Sources: The PUNCH