The pastors who were arraigned before Justice Olabisi Akinlade of an Ikeja High Court, are facing a six-count charge bordering on conspiracy, obtaining money by false pretence, forgery and uttering.
The defendants were charged by the anti-graft agency alongside their company, Prince and Zion International Service Ltd. The trio were accused of defrauding their victims under the pretense of helping them to secure large sum of money as loan.
The EFCC counsel, Mr Ben Ubi said the defendants had conspired among themselves to fraudulently obtain N4 million and 25,000 US dollars (N3.9 million) from one Angel Estate Residents Development Association in Amuwo-Odofin, Lagos.
Mr Ubi alleged that the money was obtained on October 27, 2011 under the pretext of helping the complainants source for a 100 million US dollars loan facility.
He stated that the loan was being sourced by the association to finance some community projects, adding that the defendants had obtained the money as processing charges.
EFCC accused the defendants of forging various documents which were used in facilitating the fraud., adding that after collecting the money, they failed to secure the loan as promised.
When the charges were read to them, the Pastors pleaded not guilty.
After listening to their plea, Justice Olabisi Akinlade ordered that they be remanded in Kirikiri Prisons, Lagos pending the hearing of their bail applications.
The EFCC counsel, Mr Ben Ubi said the defendants had conspired among themselves to fraudulently obtain N4 million and 25,000 US dollars (N3.9 million) from one Angel Estate Residents Development Association in Amuwo-Odofin, Lagos.
Mr Ubi alleged that the money was obtained on October 27, 2011 under the pretext of helping the complainants source for a 100 million US dollars loan facility.
He stated that the loan was being sourced by the association to finance some community projects, adding that the defendants had obtained the money as processing charges.
EFCC accused the defendants of forging various documents which were used in facilitating the fraud., adding that after collecting the money, they failed to secure the loan as promised.
When the charges were read to them, the Pastors pleaded not guilty.
After listening to their plea, Justice Olabisi Akinlade ordered that they be remanded in Kirikiri Prisons, Lagos pending the hearing of their bail applications.
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