
Koudeih was arraigned before a Chief Magistrate’s Court, Tinubu Square, Lagos, on two separate charges, which he pleaded not guilty to.
One of the charges involves the stealing of $329,780 (N51.4m) from Alhaji Isa Hassan in January 2011 and the other involves the theft of $80,000 (N12. 5m) from Stanley Eze on March 23, 2012.
The magistrate, Mrs. A.O. Adedayo, granted bail to Koudeih but under different conditions in the two charges.
In the first charge, she granted the accused bail for N2m and two sureties in like sum. The magistrate said the sureties, whose addresses must be verified by the court’s registrar, must pay 10 per cent of the bond for the bail sum into the court’s account.
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