The director, Ctradex Properties Limited, Chukwunyere Thomas Emefu, alongside his company, was on Monday arraigned by the Economic and Financial Crimes Commission, on a two count charge bordering on dishonesty and unlawful conversion to the tune of ₦9,000,000.
Thomas Emefu, was brought before Justice Yusuf Halilu, of the Federal Capital Territory, FCT, High Court, Maitama, Abuja.
The spokesman for the commission, Tony Orilade, while speaking in Abuja, stated that, the accused allegedly coverted the sum of #2.5 million for his personal use, being part payment for a plot of land at Corona Garden Estate, Plot 352, Cadastral Zone, Galadimawa District, Abuja. 
Orilade added, “It was further alleged that in 2016, he also diverted to his personal use, the sum of N6.5m for same purpose.
“The matter was subsequently reported to the EFCC for investigation; upon completion of investigation, the accused was arraigned.
“Prosecuting counsel, Mary Onoja, told the court that the matter was slated for arraignment and applied that the charges be read to the accused person in order to take his plea.
“The accused pleaded not guilty to the two counts.
“In view of his plea, Onoja applied for a trial date and asked for “accelerated hearing”.
“Defence counsel, R.O. Adakole, however, moved the motion for the bail of his client, arguing that “the reason for bail is to ensure that the defendant stands his trial”, and he was certain his client will not jump bail.
“Justice Halilu, thereafter, adjourned the matter to January 17, 2019, for “ruling” and ordered that the defendant be remanded in Suleja Prison.”
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