A Lagos High Court sitting in the Ikeja on Monday ordered the remand of two men, Mr Chester Ukandu and Mr Achi George, who allegedly held themselves out as Directors of Mainstreet Bank’s Registrars Limited.

They were remanded following their arraignment on three counts of conspiracy and forgery levelled against them by the Economic and Financial Crimes Commission (EFCC).

The EFCC in the charge alleged that the two defendants, between February 6 and 7, 2012, conspired to forge the letterhead paper of Mainstreet Bank Registrars Limited, with registration number: 613674, claiming that it emanated from Mainstreet Bank’s Registrars Limited.

The two defendants were also accused of forging a Corporate Affairs Commission (CAC) Form 2A, claiming that it emanated from CAC.

The offences according to the prosecutor, Zainab Otti, are contrary to and punishable under certain Sections of the Criminal Laws of Lagos state.

The prosecutor told the court that the two defendants, who were formerly Managing Director and Director of the company, had retired from the company, only to return unlawfully to convert some of the company’s properties.

The EFCC says it investigated the case after receiving a petition against them which was written by the Company’s lawyer, Dr Charles Mekwunye.

The two defendants have pleaded not guilty to the charges.

Following their plea, their lawyer, Samuel Agwuh, informed the court that he had filed bail applications, and urged the court to grant his clients bail in the most liberal terms.

Presiding Justice Olushola Williams, fixed April 10 for the hearing of the bail applications.

She also ordered that the two defendants be remanded in prison custody till then.