A suspected oil thief, Mallam Julius Obi has been remanded in the Port Harcourt Custodial Centre pending the perfection of a N10million bail granted him by the Federal High Court, Port Harcourt.
Obi was arraigned on April 24 by the Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal office before Justice H.I.O Oshomah of the Federal High Court, Port Harcourt on one count charge bordering on illegal dealing in Petroleum Product without license.
The alleged offence is contrary to Section 1(1) (a) and punishable under Section 1 (17) (a) of the Miscellaneous Offences Act, CAP M17 of the Reverse Edition (Laws of the Federation of Nigeria), 2007 and punishable under Section 1 (17) of the same Act.