The accused include Sidi Egbayelo, 29; Sunday Shadrach, 39; Edem Okon, 30; Godwin Kofa, 28; Rosemon Neito 30, and Ejona Kpamkpam, 23.
Others are Moses Victor, 28; Chris Sunday, 29; Peter Gay, 21; Remo Uchugwu, 23; and Mike Sabato 29.
The accused, who were arraigned by the Police, denied the charges and pleaded not guilty to the offences.
The Prosecutor, Mr Justin Enang, told the court that the accused were arrested by a team of Policemen on surveillance on December 21, 2012, at the Atlas Cove, Lagos State.
According to the Prosecutor, about 220 drums containing petroleum products valued at N5.335million were allegedly recovered from them.
He said that the alleged offences contravened sections 390 and 516 of the Criminal Code, section 17(a) and (b) of the Miscellaneous Offences Act.
Counsel to the accused, Mr MC Anthony, prayed the court to grant the accused persons bail on liberal terms as they knew nothing of the alleged offences.
He said that they were ordinary fishermen, who were going about their business, when they were arrested.
The Prosecutor, however, objected to the bail application moved by the Defence Counsel and urged the court to remand the accused.
He said that the offences were about economic sabotage and should not be treated lightly.
Enang also argued that were the accused to jump bail, it would be difficult to trace them since they had no permanent addresses.
After listening to the submissions of both counsels, the Judge ordered that the accused be remanded in prison custody.
The case was adjourned to February 11, 2013, for further mention.
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