The Ibadan Zonal Office of the Economic and Financial Crimes Commission (EFCC) on Friday arraigned one Omoniyi Ayediloya alongside his company, Ayediloya Global Multiventures Limited, before Justice M. Aiki of the Oyo State High Court sitting in Ibadan, on one count charge bordering on issuance of dishonoured cheque.

The accused person however pleaded not guilty to the charge.

In view of his plea, the prosecuting counsel, Harrison Ibekwute, sought the leave of the court for a trial date. The defence counsel, Lukeman Odewale, filed a bail application on behalf of the defendant and served the prosecuting counsel in court.

The prosecution counsel however, prayed the court for time to study and respond to the application.

Justice Aiki adjourned till October 24, 2017 for hearing of bail application and commencement of trial.

The defendant was remanded in prison pending the hearing of his bail application.

The charge preferred against Omoniyi reads: “That you, Omoniyi Ayediloya and Ayediloya Global Multiventures Ltd sometime in December, 2016, within the jurisdiction of this Court, issued a Diamond Bank Cheque dated 13th day of December, 2016 for the sum of Ten Million Naira, (N10,000,000) only in settlement of your financial obligation to Higher Life Consult and drawable on Account No. No.0071204267, which when presented for payment within three months, was dishonoured on the ground that no sufficient funds were standing to the credit of the account on which the cheque was drawn and thereby committed an offence contrary to Section 1(1) (b) of the Dishonoured Cheques (Offenses) Act, Cap D11, Laws of the Federation of Nigeria, 2004 and punishable under Section 1(1)(b)(i) of the same Act”.