An Ikeja Special Offences Court in Lagos State on Thursday remanded an oil marketer, Adeleke Fayose, for alleged N66.5 million oil fraud.
He was arraigned by the Economic and Financial Crimes Commission with Brooks and Knight International Limited.
Fayose and his company are standing trial on a three-count charge bordering on obtaining money under false pretences and stealing.
The defendant, however, pleaded not guilty to the charge.
Justice Mojisola Dada ordered that he should be kept at Ikoyi Correctional Centre pending hearing and determination of his bail application.
Dada adjourned the case until December 19 for hearing of the bail application.
The defence counsel, Chineye Udeh, had informed the court of an application for bail of the defendant.
Also, the EFCC counsel, Samuel Daji, requested for a trial date.
The EFCC alleged that the defendant obtained the sum of N66.5 million, property of GOSL Nigeria Limited, under false pretences.
It alleged that the defendant committed the offences on August 9, 2018 and August 10, 2018 in Lagos.
The EFCC also claimed that the defendant stole the money from GOSL Nigeria Limited.
According to the commission, the alleged offences contravene Sections 278, 285 (1)(8) of the Criminal Law of Lagos State, 2015, and Section 1(3) of the Advanced Fee Fraud and Other Fraud Related Offences Act of 2006.