Anti-corruption and elections / EFCC

EFCC Arraigns Man For N700m Fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, on Monday, February 26, 2018, arraigned one Nsa Ayi before Justice Mojisola Dada of the State High Court sitting in Ikeja, Lagos on an 11-count charge bordering on fraudulent false accounting to the tune of N700, 000, 000.00 (Seven Hundred Million Naira), an offence contrary to Section 335(a) of the Criminal Law of Lagos State of Nigeria, 2011. The defendant, a former Relationship Officer, Coronation Merchant Bank, allegedly connived with unknown parties to move funds using customers’ electronic instructions meant for inve…