The Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned the trio of Lateef Jamiu Babatunde, Olanipekun Olawale Joseph, and Oyetunde Abioye Ibrahim before Justice Adebukola Olajide of the Federal High Court in Ibadan, Oyo State.
Dele Oyewale, EFCC Head of Media and Publicity, disclosed this via a statement made available to DAILY POST on Wednesday.
He said the three men were arraigned on a three-count charge bordering on conspiracy and diversion of 33.360 metric tons of cocoa beans worth N97,578,000.
According to the statement, they were arrested based on a petition.
Prosecution counsel Damilare Odemuyiwa asked the court for a trial date and prayed that the court remand the defendants in the correctional centre pending their date of trial.
Counsel to the defendants, Alabi Ogor, however, informed the court of his bail application.
Justice Olajide then granted the defendants bail in the sum of ten million naira each and two sureties in like sum each.
