EFCC arraigns businessman in Court over alleged illegal oil deal

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a businessman, James Miracle, in a Federal High Court in Lagos over alleged illegal petroleum product deal.

The defendant, James Miracle was charged before Justice Maureen Oyetenu, alongside a vessel, MT OMUS, on two counts.

According to the charge, the defendant was said to have committed the offence sometime in February, within the jurisdiction of the court.

He was also alleged to have dealt in 800 metric tonnes of petroleum product without the appropriate license,

The offences contravene the provisions of Section 1(17) of the Miscellaneous Offences Act, Cap. M17, Laws of the Federation 2004.

James Miracle, however, pleaded not guilty to the charge and after his plea, the prosecution counsel; U.U. Buhari urged the court to give a date for commencement of the trial of the defendant.

The defence counsel, Mr Ikechukwu Ukadike, informed the court of a pending bail application of the defendant and urged the court to grant the defendant bail in the most liberal terms as the offence was bailable.

Justice Oyetenu, thereafter, admitted the defendant to bail in the sum of N10 million with one surety in like sum.

The trial judge ordered that the surety must be a civil servant not be below grade level 14, and must have a verifiable address within the court’s jurisdiction.

She also ordered that the surety is to present a three-year tax clearance, which will be verified by the court’s registry.

Meanwhile, the court ordered the defendant to remain in the EFCC custody pending his remand at the Nigerian Correctional Service.

She adjourned the case until July 13 for trial.