The Economic and Financial Crimes Commission (EFCC) has arraigned one Ndubisi Kenechukwu Ugonna before Justice E. Okpe of the Federal Capital Territory High Court, Gudu, Abuja, over an alleged $500,000 fraud.
Ugonna was charged with one count of obtaining money under false pretence, contrary to Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and punishable under Section 1(3) of the same Act.
According to the charge, Ugonna allegedly obtained the sum of $500,000 from one Kofoworola Olagunju in 2020 on the pretext of investing in global securities, knowing the claim to be false.
He pleaded not guilty to the charge. Prosecution counsel Joshua Saidi requested a trial date and asked the court to remand the defendant in a correctional facility. Defence counsel, however, referred to a pending bail application and urged the court to remand Ugonna in EFCC custody instead.
Justice Okpe adjourned the case until September 25, 2025, for hearing of the bail application and ordered that the defendant be remanded in Kuje Correctional Centre.
