A Lagos High Court sitting in Ikeja on Tuesday remanded the Managing Director (MD) of Forthright Properties Ltd, Isaac Akintoye and two other MDs following their arraignment for an alleged N120 million property scam.Justice Mojisola Dada made the order after Akintoye and his co-defendants, Samuel Okeke and Ifeanyi Ndigwe, pleaded “not guilty” to a 16- count charge of alleged stealing and fraud.They will remain in custody till May 22, when their bail applications will be heard.The judge also fixed June 6, for commencement of trial.The defendants were charged by the Economic and Financial Crimes Commission (EFCC), alongside four companies.According to EFCC counsel Muhammed Bashir, the alleged offences were committed in Lagos “sometime in 2013.”Okeke and his two firms, Samadores Ltd and Aqua Rock Real Estate and Investment Ltd were indicted in counts 1 to 12.Akintoye and Forthright Properties Ltd were mentioned in count 12, while Ndigwe and his company, Iccon Communications Ltd appeared in count 13 to 16.Count 12 of the charge reads: “Samuel Okeke, Isaac Akintoye, Samadores Ltd, Aqua Rock Real Estate and Investment Ltd and Forthright Properties Ltd sometime in the year 2013, conspired to dishonestly convert an aggregate sum of N650, 400,000 being purported payment for sale of 38 plots of land at Gan-un Riverside Park Residential Scheme at the rate of N1, 800, 000 per plot with intent to permanently deprive Obinna Obienu and IT World Nigeria Limited of their special interest in the property.”The court heard that the alleged offences were contrary to Section 285(1) of the Criminal laws of Lagos State and Section 1(3) of the Advanced Fee Fraud and Other Fraud Related Offences Act, 2006.Source: The Nation