Alleged fraudster, Mr Fred Ajudua will remain in Kirikiri Prison pending the conclusion of his trial on the allegation of fraud as a Federal High Court in Lagos on Thursday, squashed his bail application and ordered him to be taken to prison.
The Judge however promised that there would be an accelerated trial of the case.
The case is slated to commence on the 8th of July and hearing will continue daily.
The Economic and Financial Crimes Commission (EFCC) in 2003 arraigned Mr Ajudua and his co-accused, Charles Hijiudu for allegedly defrauding two foreigners, Remy Cina and Pierre Vijgen, of about $1.69 million between July 1999 and September 2000.
Justice Oyewole had in January 2006 issued a bench warrant directing the police to arrest the accused and bring him to court, due to his continued absence in court.
Mr Ajudua, had absconded trial since 2005.