- EFCC Arraigns Woman Over ₦240.5m Fraud In Abuja
- She pleaded not guilty, granted ₦30m bail, trial set for December.
- Meanwhile, EFCC arrested 92 suspected fraudsters in Benin City.
The Economic and Financial Crimes Commission (EFCC) has arraigned one Ene Queen Bamaiyi before Justice A.A. Halilu of the Federal Capital Territory High Court, Apo, Abuja, over an alleged diversion of ₦124 million from funds entrusted to her for foreign exchange conversion.
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EKO HOT BLOG reports that in a statement released on Thursday, the EFCC disclosed that Bamaiyi was arraigned on October 2, 2025, on a one-count charge of criminal breach of trust involving ₦240.5 million.
According to the Commission, the complainant, Bright Okubo, entrusted Bamaiyi with the total sum for dollar exchange, but she allegedly diverted ₦124 million to her personal use.
The charge sheet partly reads: “That you, Ene Queen Bamayi (female), sometime in May 2024, in Abuja, while being entrusted with the sum of ₦240,500,000 by one Bright Okubo for conversion at dollar equivalent, did dishonestly convert ₦124,000,000 out of the said sum to your personal use, and thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Code.”
Bamaiyi, however, pleaded not guilty to the allegation.
The prosecution counsel, Joshua Saidi, informed the court of plans to call five witnesses and requested a trial date. Defence counsel, M.A. Attah (SAN), applied for bail, citing Bamaiyi’s status as a single mother of a two-year-old child.
Justice Halilu granted bail in the sum of ₦30 million with two sureties not below Grade Level 14 in the civil service. He also ordered the deposit of her passport with the EFCC and directed that she be remanded at the Suleja Correctional Centre until bail conditions are met. The case was adjourned to December 2 and 3, 2025, for trial.
Meanwhile, the EFCC announced the arrest of 92 suspected internet fraudsters in Edo State. Operatives of the Benin Zonal Directorate carried out a sting operation on September 29, 2025, at various locations in Benin City, following credible intelligence linking the suspects to cybercrime activities.
