N2.9M FRAUD: EFCC ARRAIGNS 2 MEN IN AWKA+ANOTHER BANKER OVER N6.8 MILLION BAD LOAN.{PHOTOS}.

                                                                  The Economic and Financial Crime Commission,EFCC,yesterday wednesday April 5,2017,arraigned the duo of Udenze Ikenna Kenneth and Egwuatu Dozie Joseph on a Nine count charge,bothering on Money Laundering.While taking their plea before Hon. Justice Gafai of the Federal High Court sitting in Awka,the accused persons pleaded not guilty to the entire charge.In view of their plea,their Counsels Barr Chuks Umeh and Barr Innocent Inoke respectively applied for their bail,which the Judge granted,with the following conditions:Two sureties on grade level 10 and above in the service of the Anambra State Government; must be resident in Awka,with documents verified by the prosecution and submitted to the court.The presiding Judge then adjourned to May 18,2017,for commencement of trial.The accused persons were alleged to have illegally concealed the sum of N2,982,388 {Two Million Nine Hundred and Eighty-Eighty Naira} which is said to be proceeds of an illegal activity in their account.An offence which is contrary to and punishable under Section 17{a} of the Money Laundering {prohibition} {amendment} Act,2012.
In a related development,the EFCC also arraigned one Mr Chris Madu Ezeobi on a Bank Fraud related offense,for approving an overdraft of N6,800,000.00 {Six Million Eight Hundred Thousand Naira Only} without necessary safe guards.It was alleged that while being the Manager of Nnokwa Micro Finance Bank in Nwoka,Idemili South Local Government Area in 2013,approved and disbursed an overdraft in the sum of N6,800,000.00,which eventually went bad due to the death of the beneficiary.Ezeobi pleaded not guilty and was granted bail by Justice Gafai in the following conditions: Two sureties not below grade/level 14,and must be in the service of the Anambra State Government,both sureties must be a resident in Awka and their documents verified by the prosecution and submitted to the court.The case was then adjourned to May 31,2017,for the prosecution to open his case against the accused.More photos below.