A Federal High Court in Port Harcourt, Rivers State, has remanded Mr Kelly Nwogu, the manager of a real estate company, De Villa, in the Port Harcourt Custodial Centre till February 2022.
Nwogu was accused of defrauding over 1,000 clients of several sums of money before the matter was taken to court.
The defendant was remanded after his lawyer failed to secure his bail through an oral application when the matter came up before Justice S.D .Pam of the Federal High Court in Port Harcourt.
When Nwogu was arraigned before the court, his lawyers told the judge that his bail by a former court was still subsisting.
But the prosecution team opposed it and Justice Pam agreed to remand him.
He adjourned the case till February 28, 2022 for a proper hearing of the bail application.
Nwogu had reportedly sought to settle the matter with his clients out of court but talks broke down mid-way, paving the way for the case to continue in court.