EFCC Arraigns Woman For N240.5m Forex Fraud In Abuja

The Economic and Financial Crimes Commission (EFCC), connected Thursday, October 2, 2025, arraigned 1 Ene Queen Bamaiyi earlier Justice A.A. Halilu of the Federal Capital Territory (FCT) High Court, Apo, Abuja, connected a one-count complaint of transgression breach of spot to the tune of N240,500,000.

According to a connection posted connected EFCC’s verified Facebook page, Bamaiyi was alleged to person dishonestly converted to idiosyncratic use, the sum of N124,000,000 retired of the sum of N240,500,000, entrusted to her by 1 Bright Okubo for overseas speech conversion.

The complaint read: “That you, Ene Queen Bamayi (female), sometime successful May 2024 successful Abuja wrong the Judicial Division of this Honourable Court, portion being entrusted with the sum of N240,500,000.00 (Two Hundred and Forty Million, Five Hundred Thousand Naira) by 1 Bright Okubo for conversion astatine dollar equivalent, did dishonestly person N124,000,000.00 (One Hundred and Twenty-Four Million Naira) retired of the said sum to your idiosyncratic usage successful usurpation of the intent for which the wealth was entrusted with you, and you thereby committed an offence contrary to Section 311 of the Penal Code and punishable nether Section 312 of the aforesaid Code.”

She pleaded “not guilty” to the charge, pursuing which the prosecution counsel, Joshua Saidi, requested a proceedings day and informed the tribunal of his volition to invitation 5 witnesses to beryllium the case, portion the defence counsel, M.A. Attah, SAN, prayed the tribunal to assistance his lawsuit bail connected self-recognition and connected wide terms, citing her presumption arsenic a azygous parent of a two-year-old child.

Justice Halilu, aft considering the submissions, granted the suspect bail successful the sum of N30,000,000 with 2 reliable sureties successful similar sum, who are not beneath Grade Level 14 successful the civilian service. He further ordered that the suspect deposited her passport with the EFCC and beryllium remanded successful Suleja Correctional Centre, pending the fulfilment of her bail conditions.

The lawsuit was adjourned till December 2 and 3, 2025, for trial.