The Federal Government on Wednesday arraigned the chief executive officer of Golden Tulip Hotel Amaechi Ndili and his wife Njide over alleged $4.7 million fraud.
Ndili is also the CEO of Lionstone Offshore Services Ltd while his wife is the company’s vice-president.
The couple was arraigned before an Ikeja Special Offences Court on a three-count amended charge.
They are standing trial alongside Lionstone Offshore Services on charges of conspiracy, stealing and illegal conversion of money for personal use.
The defendants, however, pleaded not guilty to the charges brought against them by the Federal Government.
According to the prosecution counsel, ACP Simon Lough, the defendants dishonestly converted $4.7 million which they received from Addax Petroleum Development Nig. Ltd on behalf of Hercules Offshore Nig. Ltd.
Lough alleged that the defendants obtained the sum for a contract that Lionstone Offshore Services entered into with Addax Petroleum Development Nig. Ltd which was executed by Hercules Offshore Nig. Ltd.
The prosecution counsel submitted that the defendants failed to remit the money to Hercules.
“Lionstone Ltd. was engaged by Hercules as its local partner and it received payments on its behalf in respect of contract it executed for Addax Petroleum Development Nig. Ltd.
“The $4.7 million formed part of the payments the defendants received on behalf of Hercules but they failed to remit to Hercules in accordance with their agreement,” the prosecution counsel said.
The couple’s lawyer Ebun Shofunde (SAN) prayed the court to grant them bail.
Shofunde informed the court that the first defendant (Amaechi) had been granted bail when he was arraigned before Justice Sherifat Sholebo.
Justice Olubunmi Abike-Fadipe admitted the second defendant to bail in the sum of N20 million with two sureties in like sum.
The judge allowed the first defendant to continue with the bail earlier granted him.
Abike-Fadipe said that the sureties must have evidence of tax payment.
She also directed that one of the sureties must have a landed property in Lagos State.
The judge held that the court would remand the second defendant in a correctional facility if she would not meet the bail conditions within 14 days.
The alleged offences contravene Sections 516 and 387 of the Criminal Code, Laws of Nigeria, 2004.
The judge adjourned the case until January 30, 2023 for commencement of trial.