The Economic and Financial Crimes Commission has re-arraigned the Chief Executive Officer of First Nation Airways Limited, Kayode Odukoya, for an alleged N2.1bn fraud.
The re-arraignment followed an amendment to the charges against him, First Nation Airways Limited, and Bellview Airlines Limited.
The Lagos State Special Offences Court was presided by Justice Mojisola Dada on Monday in Ikeja.
The defendants were initially arraigned in March 2018 on four counts, when the EFCC alleged that they fraudulently converted N1.7bn belonging to the bank.
The amended seven counts against the three defendants were on forgery of a Memorandum of Loss of Lagos State Certificate of Occupancy, uttering of forged documents, perjury, and dishonest conversion of N2.1bn belonging to Polaris Bank (formerly Skye Bank).
When the EFCC read out the amended charge sheet on Monday, the agency increased the money from N1.7bn to N2.1bn but the defendants pleaded not guilty as before.
The defence counsel, Edoka Onyeke pleaded to the court to allow his defendant enjoy the 10m bail he was granted in 2018. Justice Dada accepted the plea.
The prosecution counsel for the EFCC, Nnaemeka Omenwa, however told the court that he would be closing his case for the defence to open theirs.
Justice Dada adjourned the case till February 15 to 18, 2021.