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Tuesday, March 26, 2024

EFCC arraigns ex-banker over alleged N2.7 billion fraud

The trial of one Christopher Jackson Edeh, alleged to be involved in a N2.7 billion Fidelity bank fraud case, is scheduled to commence on May 30, 2024, as announced by Justice O.O. Abike-Fadipe of the Special Offences Court in Ikeja, Lagos.

According to a statement published on X, Edeh faces nine-count charges brought forward by the Economic and Financial Crimes Commission (EFCC) on February 28, 2024, including fraudulent false accounting and unauthorized access to a computer, under Sections 337 and 387 of the Criminal Law of Lagos State.

One of the charges brought forward against Edeh was for allegedly altering customer account details of Dangote Cement Plc while employed at one of the leading commercial banks, with the intent to defraud. Another charge alleges that he facilitated the theft of N2,737,784,800.00 from the bank by gaining unauthorized access to the bank’s Entrust portal.

Part of the statement read, “He was also alleged to have with intent to defraud altered the bank account details of the Kano State Government – Power Intervention Fund, NNPC Trading Limited, Stallion Vision Ltd, the Lagos State Government-Blue Line, State Contributory Pension Account, and Chukwuemeka Odumegwu Ujukwu University”.

Regarding the case, the EFCC, represented by counsel Z.B. Atiku, expressed readiness to prove its case against the defendant. However, the defense presented a bail application for Edeh, leading to an adjournment until Tuesday, March 19, 2024, for the hearing of the application.

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