Alleged N4.29bn Forex Fraud: Arraignment of Bank, Four Others Stalled as Defendants Stay Away From Court

Alleged N4.29bn Forex Fraud: Arraignment of bank, four others stalled as defendants stay away from court

One of the counts alleges that between 14 September 2022 and 20 March 2023 in Lagos, the defendants conspired to sell foreign exchange at rates above those stipulated by the Central Bank of Nigeria. The post Alleged N4.29bn Forex Fraud: Arraignment of bank, four others stalled as defendants stay away from court appeared first on Premium Times Nigeria.

“UBA, Others Absent Again” — Court Adjourns Arraignment In Alleged ₦4.29bn Forex Fraud Case Amid Service Dispute

The planned arraignment of United Bank for Africa Plc and four others over alleged ₦4.29 billion foreign exchange fraud was again stalled on Wednesday at the Lagos State Special Offences Court sitting in Ikeja after none of the defendants appeared before the court. This is the second time the defendants would be absent for the commencement of their trial. When the charge first came before the court in April 2025, the matter also failed to procee…

UBA, Senior Officials Face Arraignment over Alleged N4.29Bn Forex Fraud

Femi Ashekun/ One of Nigeria’s largest financial institutions, United Bank for Africa Plc, has been drawn into a high-profile alleged foreign exchange fraud and money laundering case involving N4.29 billion, after its planned arraignment before a Lagos court was stalled by the absence of the defendants. The Economic and Financial Crimes Commission (EFCC) had scheduled […] Source Related posts: Interrogating Two Years of Nigeria’s Foreign Policy…

Alleged N4.29bn Forex Fraud:  Defendants' Absence Stalls Arraignment of UBA, Four Others

The arraignment of United Bank for Africa (UBA) Plc, and four others for an alleged N4.29bn  foreign exchange fraud before Justice Rahman Oshodi of the Lagos State Special Offences Court sitting in Ikeja was, on Wednesday, June 3, 2026, stalled due to the absence of the defendants in court. UBA, alongside Muyiwa Akinyemi, Amangbo Eziashi […] The post Alleged N4.29bn Forex Fraud:  Defendants’ Absence Stalls Arraignment of UBA, Four Others appeare…

Alleged N4.29bn forex fraud: Defendants’ absence stalls arraignment of UBA, four others

The arraignment of United Bank for Africa (UBA) Plc, and four others for an alleged N4.29bn foreign exchange fraud before Justice Rahman Oshodi of the Lagos State Special Offences Court sitting in Ikeja was, on Wednesday, June 3, 2026, stalled due to the absence of the defendants in court. UBA, alongside Muyiwa Akinyemi, Amangbo Eziashi … The post Alleged N4.29bn forex fraud: Defendants’ absence stalls arraignment of UBA, four others appeared fi…

Defendants’ Absence Stalls EFCC Arraignment of UBA, Others Over Alleged N4.29bn Forex Fraud

The planned arraignment of United Bank for Africa Plc (UBA), two of its senior officials, and two companies over alleged foreign exchange violations, retention of proceeds of crime, stealing, and money laundering involving N4.29 billion was stalled on Wednesday due to the absence of the defendants in court. The case, filed by the Economic […] The post Defendants’ Absence Stalls EFCC Arraignment of UBA, Others Over Alleged N4.29bn Forex Fraud app…