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

The Gift of Hindsight: What I Would Tell My Younger Self, By Johnson Babalola

By Johnson Babalola @jbdlaw Hindsight, they say, is life’s most generous teacher—but it sends its lessons late. It is only after the storms that the patterns become clear; only after the wrong turns that the map begins to make sense. As I celebrate another birthday today and have grown older, I often find myself reflecting…

Gasoline Prices Drop Toward Pandemic-Era Lows

The national average price of gasoline dropped below $3 a gallon over the weekend. GasBuddy has predicted that prices will go even lower in the coming weeks, with good prospects of motorists enjoying sub-$3 prices for extended periods. This drop is overwhelmingly being driven by the significant increase in oil production from OPEC throughout 2025.…

Alleged Christian Genocide Claim is Damaging Nigeria’s Image– Tuggar Laments

By Abiola Olawale Minister of Foreign Affairs, Yusuf Tuggar, has voiced concern over what he described as the damaging impact of the "Christian genocide" narrative on Nigeria's international image. This is as the Minister claimed that the country's complex security challenges are being falsely simplified as religious persecution. Speaking at the Reuters NEXT Gulf Summit…

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

X whatsapp