The Economic and Financial Crimes Commission, Ilorin Zonal Office, on Thursday arraigned a 66-year-old contractor, Oluwole Komolafe, before a Kwara State High Court over an alleged fraud of N31.5m.
Komolafe was alleged to have collected the money from the University of Ilorin for the purpose of supplying the institution with laboratory equipment.
The police alleged that the defendant, however, diverted the money.
He was arraigned on one count of obtaining under false pretences.
The charge read, “That you, Oluwole Kamolafe, being the alter ego of Destiny Work Limited, sometime in July 2015, in Ilorin, within the jurisdiction of this honourable court, did cheat Femimat Concept Limited of the sum of N31,500,000, when you intentionally induced Femimat Concept Limited to supply laboratory equipment in respect of a contract worth N128,199,968.00 to the University of Ilorin in your stead, which he would not supply.”
The offence, according to the prosecution, is contrary to Section 320 of the Penal Code and punishable under Section 322 of the code.
Komolafe pleaded not guilty to the charge.
The prosecuting counsel, A.A. Adebayo, told Justice Mahmud Abdulgafar that in view of the not-guilty plea entered by the accused, the prosecution would be asking for a trial date.
He also prayed the court to remand the accused in the correctional centre.
However, the lead counsel for the defendant, A.O. Adelodun, urged the judge to grant Komolafe bail in liberal terms.
Justice Abdulgafar turned down the oral application for bail and ordered the accused to be remanded in the custody of the EFCC.
The case was adjourned till Friday, February 21, for hearing of the bail application.