Friday , June 14 2024

EFCC Arraigns TSTV Executives Over Alleged Tax Evasion

The Federal Government has arraigned two chief executives of Telecom Satellites Limited (TSTV), over alleged tax evasion, money laundering and advanced fee fraud offences, before Justice Inyang Ekwo of the Federal High Court, Abuja.

They are Bright Echefu who is the Managing Director and Chief Executive Officer of TSTV and Felix Ignoanuga said to be the executive director of the telecom satellites company. They are facing a 9-count criminal charge.

They pleaded not guilty to the charges when it was read to them on Thursday.

In a short ruling, Justice Inyang Ekwo adopted the EFCC’s conditions of administrative bail.

The judge, however, ordered them not to travel out of the country without the permission of the court while the immigration must be notified of the seizure of their international passports.

He warned that any breach of the bail conditions or absence in court would automatically lead to revocation of their bail and to remain in custody throughout the trial period.

Justice Ekwo subsequently adjourned the case to July 15, 16 and 17 for commencement of trial.

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