Let E represent the set of engineers, I represent the set of intelligent people, and L represent the set of lazy people.
Statement 1: All engineers are intelligent. This implies that E is a subset of I (E $\subseteq$ I).
Statement 2: Some intelligent people are lazy. This implies that the intersection of I and L is non-empty (I $\cap$ L $eq \emptyset$).
Conclusion I: Some engineers are lazy. (Is E $\cap$ L $eq \emptyset$?)
Given E $\subseteq$ I and I $\cap$ L $eq \emptyset$.
Using a Venn diagram, E is fully contained within I. L overlaps with I.
This overlap between I and L could be outside of E, or it could intersect with E.
Example:
Intelligent people = {i1, i2, i3, i4, i5}
Engineers = {i1, i2} (satisfies Statement 1)
Lazy people = {i3, i4} (satisfies Statement 2, as i3 and i4 are intelligent and lazy)
In this example, no engineer is lazy. Therefore, "Some engineers are lazy" is not necessarily true. Conclusion I does not logically follow.
Conclusion II: All intelligent people are engineers. (Is I $\subseteq$ E?)
Statement 1, E $\subseteq$ I, means all engineers are intelligent, but it does not mean all intelligent people are engineers. Intelligent individuals who are not engineers can exist.
Example: Intelligent people = {i1, i2, i3}. Engineers = {i1, i2}. Here, i3 is intelligent but not an engineer.
Therefore, Conclusion II does not logically follow.
Since neither Conclusion I nor Conclusion II necessarily follows from the given statements, the correct option is (c).
\[ \boxed{\text{Neither I nor II follows}} \]