The Federal High Court in Lagos will on May 26 begin the trial of a couple: George Emeka Nwachukwu and Oluchi, in connection with an alleged N203,865,708.08 million bank fraud.
Justice Peter Lifu fixed the date following their arraignment on April 29 by the Police Special Fraud Unit, Ikoyi, Lagos.
The duo was brought before the judge alongside a third defendant, Abidemi Thomas, on a charge marked FHC/L/172c/2022.
The five counts against the trio were conspiracy, obtaining by false pretence, unlawful conversion and fraud.
According to the SFU, the N203,865,708.08 belonged to Standard Chartered Bank Nigeria Limited.
The Prosecution counsel, Justine Enang, alleged that the defendants committed the offences between January and December 2020 at Standard Chartered Bank’s Aromire Branch, Ikeja, Lagos.
The prosecution claimed that the couple fraudulently obtained the sum in connivance with some staff of the bank.
It was further alleged that the trio fraudulently converted N20 million each from the sum to their use, knowing full well that it was was the proceed of an unlawful act.
The alleged offences, the prosecutor added, offended Sections 8(a) and 1(1)(a) and 1(3) of the Advance Fee Fraud and other Fraud Related Offences Act, as well as Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011 as Amended in 2012.
Each defendant pleaded “not guilty.”
Justice Lifu admitted each defendant to bail in the sum of N10 million with two sureties in like sum and adjourned till May 26, 2022 for trial.