The court made the order for the arrest of the manager of Zenith bank, Asaba branch on Tuesday.
The presiding judge, Justice Austine Chuka Obiozor ordered that Egueke be kept in the custody of Force Criminal Investigation Department (Force CID) Alagbon, Ikoyi, Lagos.
The order followed Egueke’s plea of ‘not guilty’ to three counts of conspiracy and N179million fraud, Tori reports.
Prosecution counsel, Morufu A. Animashaun said that between May 14, 2010 and December 31, 2019, at No. 2 Balogun Close, Ikoyi, Lagos, the defendant and others on the run conspired to obtain the said sum from a firm, Global Select Investment Services Ltd, “by false pretense that he will help the firm sell some goods and remit money to its bank account.”
He alleged that the defendant, upon selling the goods, diverted the funds to his Zenith Bank Account Number 1020019782 and told Global Select Investment Services that most of the goods imported were inferior and of low demand.
The high court ordered that the manager of Zenith Bank Plc be remanded in custody till December 1, pending hearing and determination of his bail application.