The EFCC, on Wednesday, arraigned one Dr. Isidore Ojukwu Nwankwo before Justice Liman of the Federal High Court in Enugu on a six count charge of conspiracy and obtaining money under false pretences.
Nwankwo allegedly defrauded prospective students of millions of naira.
The commission received complaints of fraud, conspiracy and obtaining money by false pretences against Isidore by one Ezeh Emmanuel and nineteen other students of Enugu Polytechnic.
They alleged that they were made to believe the school belonged to the Senator representing Enugu East Senatorial Zone in collaboration with Enugu State Government.
Some of the victims also got to know about the school through some posters in strategic locations in town.
The students were made to pay the sum of N5,000 for admission form, N10,000 for Acceptance Fee and N35,000 for 1st Semester school fees each.
Further investigations also revealed that the school was not recognized by government, neither was it registered with National Board for Technical Education (NBTE) and Corporate Affairs Commission (CAC).
Isidore pleaded not guilty to all the count charges preferred against him.
Justice Liman granted him bail in the sum of N5 million and one surety in like sum. The surety, he ruled, should have landed property within the jurisdiction of the court and must not be below the rank of a director in either the State or Federal Ministry.
He equally ordered that the surety must be verified by relevant court registrar and the EFCC.
Isidore was remanded in EFCC custody pending when he perfects his bail conditions.