EFCC Arraigns Bill Interserve Global Compliance Officer for AML Breaches

The Economic and Financial Crimes Commission (EFCC) arraigned Orbby Vanessa Agwuncha, a compliance officer at Bill Interserve Global, before Justice Obiora Egwuatu at the Federal High Court in Abuja. She pleaded not guilty to two counts of breaching Nigeria’s anti-money laundering rules. The EFCC alleges that between September 26 and October 30, 2023, Agwuncha failed to appoint a management-level compliance officer and did not establish an internal audit unit as required under the Money Laundering (Prevention and Prohibition) Act, 2022. These lapses contravene Sections 10(1)(a) and 16(2)(b) of the Act. Each count carries a penalty of up to ₦10 million or a minimum three-year jail term for individuals, and fines up to ₦25 million for corporate entities. Prosecution counsel requested a trial date, while the defence sought bail. Justice Egwuatu granted bail at ₦50 million with two Grade Level 16 government officers as sureties. She must surrender her travel documents and remain in Nigeria. Agwuncha was remanded at Kuje Correctional Facility pending her fulfilment of bail conditions.

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