Inside Details Of How EFCC Slammed Lawsuit Against Three Men For Allegedly Defrauding Access Bank of N3.5bn

The New Diplomat
Writer
How We Apprehended Access Bank’s Account Hacker — EFCC

Ad

$4.5bn: Court Admits More Evidence Against Emefiele

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9,2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demand preferred against him by…

NEITI Warns of Deepening Transparency Crisis, Says Nigeria Lost $3.3bn to Oil theft, Sabotage

By Obinna Uballa Nigeria lost an estimated 13.5 million barrels of crude oil valued at $3.3 billion to theft and pipeline sabotage between 2023 and 2024, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. Executive Secretary of NEITI, Dr. Ogbonnaya Orji, disclosed this on Thursday at the 2025 Association of Energy Correspondents of Nigeria…

Oil Eases over 1.5% after Gaza ceasefire

Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices Oil prices edged slightly lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures were…

Ad

By Abiola Olawale

The Economic and Financial Crimes Commission (EFCC) has filed a two-count charge against three men: Michael Igbomins, David Onyeike and Moses Iruolaje, before the Ikeja Special Offences Court.

The three suspects were alleged to have stolen a total of N3.5 billion from Access Bank.

Consequently, the anti-graft agency arraigned the suspects before the court on two counts of stealing and retention of proceeds of crime.

Appearing before the presiding judge, Olubunmi Abike-Fadipe, the defendants pleaded not guilty when the charges were read to them.

In his argument, the EFCC counsel, Abdulhamid Tukur, prayed the court to grant a trial date and for the defendants to be remanded in a correctional facility.

The defence counsel, however, informed the court that there was no pending application before the court and prayed that the needful would be done before the next adjourned date.

Tukur said the three men allegedly violated Section 17 of the EFCC Establishment Act, 2004 and Section 280 of the Criminal Laws of Lagos State 2015.

The prosecution submitted that the defendants, with dishonest intent, allegedly stole and converted for use the sum of N3.5 billion, property of Access Bank.

Following arguments from both parties, the trial judge, Olubunmi Abike-Fadipe, granted an order to remand the defendants at Ikoyi Custodial Centre pending the hearing and determination of their bail application.

Also, Abike-Fadipe adjourned the case until 28 November for the commencement of trial.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp