The Economic and Financial Crimes Commission (EFCC) has arraigned a lawyer, Nze Duru, before Justice Peter Affen of the Federal Capital Territory High Court sitting in Maitama, Abuja on a 4-count charge bordering on criminal breach of trust to the tune of N16.2 million.
Duru, a former vice chairman of First Guarantee Pension Limited, was said to have been entrusted with the said sum being part payment of thirty percent equity shares of First Guarantee Pension Limited sold to Novare Holdings Proprietary Limited.
According to the petitioner, the accused diverted the money to pay for land allocations from Lagos State Government in favour of Grand Towers Plc and MVJJDA Africa Limited, companies he allegedly have interest in.
The offence breaches Section 315 of the Penal Code Act Cap, 352 Laws of the Federation of Nigeria. He however pleaded not guilty when the charges were read to him.
The trial Judge, Justice Peter Affen granted bail to the accused on self recognition and ordered him to deposit his travel documents with the court, upon which the matter was fixed for February 27, 2017, for trial.
