Suspected drug kingpin and Lagos socialite, Funmilola Arike Ogbuaya, popularly known as Arike Funmilola Ogundipe, has been arraigned by the National Drug Law Enforcement Agency on Thursday before Justice Hadiza Rabiu Shagari of the Federal High Court, Ikoyi, Lagos in an amended charge No. FHC/L/124c/2017, Federal Republic of Nigeria versus Omolara Odeyemi a.k.a. Ariyo Monsurat Olabisi and Fumilola Arike Oggbuaya a.k.a. Arike Fumilola Ogundipe.

The defendant, who is facing a three count charge of conspiracy, aiding and procuring of substances found to be cocaine. pleaded not guilty to all three count charge.

Justice Shagari in her ruling granted her bail application on the ground that the first defendant had been granted bail.

She was however remanded in prison custody pending when she will perfect her bail conditions.

The case was also adjourned to June 28 and 29 2017 for trial.

Ogbuya was implicated in a case of unlawful exportation of 1.595kg of cocaine to Saudi Arabia in February 2017 at the Murtala Mohammed International Airport.

Officers visited her Lagos residence on a follow-up operation but she was not at home.

The suspect also ignored official invitation for several months from the Agency requesting her to clear herself in the ongoing cocaine investigation.

When all attempts to reach her failed, she was declared wanted.

Few weeks later, she presented herself before the NDLEA for investigation.

The Agency had also secured an interim forfeiture order for several assets worth billions of naira traced to Ogbuya.

Besides, the Agency is working on a final forfeiture order on the landed properties and assets traced to her in Lagos, Ogun and Osun States.

The assets include Arike Plaza, some plots of land and buildings in strategic locations.

The Lagos socialite, who is a distributor of alcoholic drinks, is needed by the NDLEA in an ongoing investigation.

She hails from Ilesa, Osun State.