He was not in court for trial over alleged diversion of $5,636,397.01 and N73,543,763.25 said to belong to Summit Oil International Limited.
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Foremost media practitioner, Lere Olayinka, disclosed this development to newsmen on Saturday on behalf of the victims of the scam.
Justice James Omotosho ordered him to be remanded in the correctional centre pending the perfection of his bail.
An oil magnate who was reportedly abducted in Lagos and shipped to Abuja three years ago by a top police officer, Jide Alawiye, has resuscitated his call for justice.