Ex-Banker Fidelis Egueke on Trial for ₦175m Fraud and Alleged Kidnap Plot
The Federal High Court in Lagos heard explosive testimony this week in the case against former bank manager Fidelis Egueke. He faces accusations of defrauding a businessman of over ₦100 million in a bogus fish shipment loan scheme. Businessman Dr. Jude Ndudi told the court that Egueke backed the deal with six post-dated cheques worth ₦110 million. The cheques later bounced, and the shipment was revealed to be fictitious. Ndudi also alleges that the defendant plotted to lure him to Warri for kidnapping. Prosecutors say Egueke forged company signatures to siphon funds and boasted he would “fight in court with stolen money.” The case (FHC/L/298c/2020) has seen multiple re-arraignments since 2020. Justice Alexander Owoeye adjourned proceedings until July 9, 2026.
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