The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC has arraigned one Philip Yohanna on a three count charge bordering on criminal breach of trust.
He was arraigned on Wednesday,May 3 before Justice Daruis Khobo of the Kaduna State High Court, Kaduna.
The defendant allegedly in 2021 received the sum of N5million in trances from one Zigwai Ayuba for investment in foreign exchange trading but diverted the fund to own use.
The defendant pleaded not guilty to the charges.
In view of his plea, the prosecution counsel, K.S Ogunnade asked for a date for trial to commence, while the defence counsel, B.A Damshaki filed an application for bail of the defendant.
Justice Khobo granted bail to the defendant in the sum of Three Million Naira (N3, 000,000) and one surety in like sum. The surety must be a civil servant not below Grade Level 12, preferably his father.
