The Economic and Financial Crimes Commission (EFCC), on Monday, arraigned a former Minister of State for Power, Muhammed Wakil, on two counts of corruption at the High Court of the Federal Capital Territory, Apo, Abuja.
The prosecution alleged that the defendant, in 2014, corruptly received the sum of N148million from the funds approved for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff members of Power Holding Company of Nigeria (PHCN).
He was said to have received the money from Bestworth Insurance Brokers Limited through the Polaris Bank account of his firm, Corozzeria Nigeria Limited.
He pleaded not guilty when the charges when read to him on Monday.
The judge, S.B. Belgore, ordered the remand of the defendant in EFCC custody and adjourned till March 31for the determination of his bail application.