
The Economic and Financial Crimes Commission, EFCC, on Thursday arraigned Stephen Oshinowo, a former Executive Secretary, Lagos State Scholarship Board.
He was docked before Justice O. A. Taiwo of the Special Offences Court sitting in Ikeja, Lagos State.
Oshinowo was arraigned on amended eight-count charges bordering on criminal conversion to the tune of N127 million.
One of the amended eight-count charges read:
Another count read:
Dele Oyewale, EFCC Head, Media & Publicity, in a statement, said investigations revealed that Oshinowo allegedly diverted the sum of N127,164,066 meant for the Board.
The former official pleaded not guilty when the charges were read to him.
Prosecution counsel, Usman Buhari, asked the court for a trial date and also prayed for the remand of the defendant.
Defense counsel, Lawal Pedro, SAN, prayed the court for a short adjournment to hear the bail application of his client.
Justice Taiwo adjourned till July 3, 2020, hearing on the bail application.
He ordered that the defendant be remanded in EFCC custody.
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