A businessman, Charles Ihenetu, was on Wednesday arraigned at the Ikeja Special Offences Court for alleged N26 million fraud.
Ihenetu was remanded in prison till June 20.
The Economic and Financial Crimes Commission, EFCC, arraigned Ihenetu for allegedly obtaining N26 million under false pretence from one Osaduwa Amechi.
He was arraigned alongside his company, V-Choice International Company Nigeria Limited, before Justice Mojisola Dada.
Prosecuting counsel, Zainab Ettu, said the offence was contrary to section 8 (a),and 1(1)(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, No 14 of 2006 and punishable under same.