The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned two men Omosehin Ipinle and Nsikak Friday for alleged illegal oil deal.
They were arraigned before Justice Muslim Hassan of the Federal High Court in Lagos on a three-count charge of dealing in Automotive Gas Oil (AGO) without licence.
The defendants were charged along with a vessel, MV D’Dove 1, and a company, Banjul Energy Limited.
EFCC said they conspired deal in 120 Metric Tonnes of AGO last August 13 without appropriate licence.
The alleged offence is contrary to Section 3 (6) the Miscellaneous Offences Act, Cap MM17 Laws of the Federation of Nigeria 2004.
The defendants pleaded not guilty.
Justice Hassan ordered that they be remanded in Ikoyi prison.
He adjourned until August 2 for hearing of their bail application.
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