0 Shares 20 Views

Two women charged with alleged N75m forex fraud.

gisthub Mar 20, 2025
0 21

The prosecutor further alleged that Chima, along with Williams, fraudulently converted the money for personal use, committing an offence punishable under the Money Laundering (Prohibition) Act.

He further stated that the second defendant, Williams, received N140m in 2024, part of which belonged to Afebuameh and was allegedly stolen by Chima. Williams was accused of knowingly acquiring, using, and retaining the money despite it being proceeds of crime.

According to the prosecution, their actions violated Sections 1(1)(c) and 1(3) of the Advance Fee Fraud Act 2006, as well as provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.

Both defendants pleaded not guilty to the charges. Their counsel, however, requested bail, arguing that they were not flight risks.

Justice Lewis-Alagoa granted them bail in the sum of N20 million each with two sureties in like sum and adjourned the case to May 15, 2025, for trial.

 

You may be interested

The Parliamentary Vote Held Yesterday Proves True Democracy Does Not Exist In Nigeria – Peter Obi
General
0 shares27 views

The Parliamentary Vote Held Yesterday Proves True Democracy Does Not Exist In Nigeria – Peter Obi

gisthub - Mar 21, 2025

Peter Obi has once again criticized the use of a voice vote by the Nigerian Senate and House of Representatives to approve President…

Kano Governor Abba Yusuf Orders Aides To Declare Assets
Government
0 shares25 views

Kano Governor Abba Yusuf Orders Aides To Declare Assets

gisthub - Mar 21, 2025

Kano State Governor Abba Yusuf has directed all political appointees in his administration to declare their assets in accordance with the Code of…

Putin Would Breach Ukraine Deal If Not Defended – UK Prime Minister
Government
0 shares27 views

Putin Would Breach Ukraine Deal If Not Defended – UK Prime Minister

gisthub - Mar 21, 2025

Russian President Vladimir Putin would violate a peace deal with Ukraine if it is not properly enforced, British Prime Minister Sir Keir Starmer…

Leave a Comment

Your email address will not be published.

Most from this category