Anti-corruption and elections / EFCC
Alleged N4.29bn Forex Fraud: Defendants' Absence Stalls Arraignment of UBA, Four Others
The arraignment of United Bank for Africa (UBA) Plc, and four others for an alleged N4.29bn foreign exchange fraud before Justice Rahman Oshodi of the Lagos State Special Offences Court sitting in Ikeja was, on Wednesday, June 3, 2026, stalled due to the absence of the defendants in court. UBA, alongside Muyiwa Akinyemi, Amangbo Eziashi Stephen, Geeos Global Service Limited and Fedat Global Limited, was to be arraigned by the Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, on a four-count charge bordering on foreign exchange infractions, concealment of proceeds of u…
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