The Federal High Court sitting in Abuja has ordered that Mr. Azibaola Robert, a cousin to former President Goodluck Jonathan, be remanded in Kuje Prison.
Mr. Robert will be remanded pending the determination of his bail application.
Azibaola and his wife, Stella were arraigned before Justice Dimgba for allegedly receiving a $40m contract from embattled former National Security Adviser, Sambo Dasuki.
The couple, alongside their company, Oneplus Holding Limited, were arraigned on seven counts bordering on money laundering and fraud.
The court ruled that Stella could continue to enjoy the administrative bail earlier granted her by the EFCC.
Nonetheless , the judge adjourned till Wednesday to rule on the bail application for Azibaola.
The Economic and Financial Crimes Commission (EFCC) had said that they have traced the source of the $40 million paid to Mr. Azibaola to a bank in London.
The cash was wired through Citibank N. A. Canada Square Canary in Wharf London E 145 LB into the account of One Plus Holdings Nigeria Limited of Azibaola, the anti-graft agency has revealed.
Media reports say about $6million of the money was paid to a bureau de change in Abuja.
Azibaola, who is yet to refund the stolen money, was relocated from Lagos to Abuja in preparation for his trial.
Charges were later filed against the ex-President’s cousin at a Federal High Court in Abuja.
According to a document obtained by our correspondent, the $40million came from the account of the Special Services Office of the Office of the Secretary to the Government of the Federation (SGF).
In another related event, however, an FCT Court berated the EFCC over the continued illegal detention of Azibaola Roberts for over 65 days without trial.
Specifically, the EFCC had on March 23, arrested Robert over alleged diversion of $40 million through One-Plus Holdings.
One-Plus Holdings is a sister company of Kakatar Construction and Engineering Company Limited, meant for securing oil pipelines.
Justice Goodluck Olasunbor delivered a ruling on the application for the enforcement of his fundamental rights.
The court described the prolonged detention of Azibaola Robert without trial as reprehensible and a conduct that smacks of anarchy.
The judge held that the production warrant of the court that was served on the respondent (EFCC) on March 19, 2016, was flagrantly disobeyed noting that
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