Former Banker Arraigned Over Alleged N294.5m Theft in Lagos
The Economic and Financial Crimes Commission arraigned a former banker before a Lagos State High Court. He faces charges of allegedly diverting N294.5 million from client accounts while working in the banking sector. Prosecutors say the acts contravened Nigerian laws on theft and unlawful conversion of funds. The defendant pleaded not guilty, and the prosecution has applied for a trial date while the defence seeks bail. The court adjourned to consider the bail application and to set a date for the substantive hearing. The EFCC reiterated its commitment to prosecuting financial crimes and recovering stolen assets. This case forms part of a broader EFCC crackdown on fraud, theft and money laundering across Nigeria.
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