The Economic and Financial Crimes Commission (EFCC) has formally charged Usie Otukpa Osang before Justice Obiora Egwuatu at the Federal High Court in Abuja. The defendant faces an eight-count indictment related to identity theft and financial deception.
Prosecutors claim Osang, using the pseudonyms Oscar Tyler and Ford Thompson, managed a fraudulent cryptocurrency venture called Liquid Assets Group. Between May 2021 and May 2022, he allegedly conspired with others to deceive Brian Jacques Creigh, the CEO of Panacea Capital, out of more than AUD$8.4 million and US$3.6 million by promising high returns on bogus investments.
Furthermore, the EFCC alleges that Osang obtained 19.806 Bitcoin, worth approximately $1,079,313, from Creigh during late 2021 through a Binance wallet. These actions violate sections of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006.
During his appearance on June 29, 2026, Osang entered a plea of not guilty. While the prosecution requested his remand at the Kuje Correctional Centre, his defense attorney, K.I. Shuaibu, sought bail. Justice Egwuatu ordered the defendant to be detained at the correctional facility and scheduled the bail hearing for July 14, 2026.
