While taking their plea, the accused persons pleaded not guilty on all counts of the three count charge preferred against them by the EFCC. In view of their plea, the defense counsel Barr. I. O. Ugwu immediately prayed the court to grant the accused persons bail as the offence was a bailable one. But the presiding Judge, Justice E. N. Oluedo instantly turned down the application on the grounds that it was not properly filed, and as such, needed time to see the application before the defense can move the motion for bail to be considered.
Desmond Ogadinma owner of Rasing Cypon Global Services Limited petitioned the EFCC, alleging that Imad and Toni colluded between themselves to deny him payment for the supply of (800) bags of cement at the rate of N2,200.00 (Two Thousand, Two Hundred Naira only) per bag, which amounted to a total sum of N1,760,000.00(One Million Seven Hundred and Sixty Thousand Naira only) which he supplied to them within April this year. According to him, the suspects issued him a post dated cheque which he presented on the due date, but it returned unpaid due to insufficient fund in the account.