AD

EFCC Arraigns Oil Magnate in Port Harcourt for Alleged N750 million Bank Fraud

EFCC

‎The Economic and Financial Crimes Commission, EFCC, has arraigned Ugochukwu Nwaemere before a Federal High Court sitting in Port Harcourt, for alleged conspiracy, forgery and obtaining money under false pretence to the tune of Seven Hundred and Fifty Million Naira.

‎In a Press Statement by the EFCC, the Defendant was brought before Justice E.A Obile on a 10-count charge which he pleaded Not Guilty to all the charges prompting the prosecuting counsel to apply for a trial date.

Also see: Nigerians Urged to Purchase Drugs From Certified Pharmacies

‎The Counsel to the Defendant, U. C. Ngeleoka informed the court of his application for the bail of the defendant and prayed that the defendant be granted bail for him to begin his trial.

‎Justice Obile in his ruling ordered that the accused be remanded at the Port Harcourt Correctional Centre till June 21, 2025, for ruling on the bail application.

‎The statement noted that Mr. Nwaemere was arrested by Port Harcourt’s Zonal Directorate of the EFCC based on the allegations made by a petitioner on  some alleged illicit financial dealings bordering on conspiracy and obtaining money from his victim  under false pretence running into millions.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

More Top Stories

Fast-Spreading WhatsApp Image Scam Puts Users At Risk
SERAP Urges FG to Obey Court Judgments
Fubara is Among Nigeria’s Most-Searched Personalities on Google in 2025
YEAC Raises Alarm Over Oil, Gas Spillage in Rivers Communities
Private Investors Set To Join Port Harcourt Refinery Management
Complete Abandoned Akenfa Bridge Project – Bayelsa Govt Urges NDDC

Leave a Reply

Your email address will not be published. Required fields are marked *