By Adenike Ayodele
The Economic and Financial Crimes Commission (EFCC) has instituted a N4.3
billion alleged forex fraud case at the Ikeja Special Offences Court against United
Bank for Africa (UBA) Plc and four others.
Other defendants in the case are, Muyiwa Akinyemi; Amangbo Stephen; Gesos
Global Service Ltd and Fedat Global Ltd.
Justice Rahman Oshodi, however, adjourned the case until April 21 for the
arraignment of the defendants, following their absence in court on Monday.
There was also no legal representation for any of the defendants.
When the case was called, EFCC counsel, Mr Temitope Banjo, announced his
appearance and expressed surprise at the absence of the defendants.
Banjo informed the court that all the defendants had been duly served with the
charge and other court processes.
The prosecutor further told the court that the second and third defendants were
fully aware of the trial but were currently on the run and stressed that their failure
to appear was not due to lack of notice.
The prosecutor further prayed the court for an adjournment to enable the
commission file the necessary applications to formally establish proof of service on
the defendants.
Rahman, after listening to the prosecution’s submission, granted the application
and adjourned the matter to April 21 for arraignment.
The defendants are being tried on a four -count charge of conspiracy, stealing,
money laundering and retention of proceeds of crime.
According to the charge sheet, the defendants allegedly committed the offences on
Sept. 14, 2022, and March 20, 2023 in Lagos.
