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Ex-banker arraigned over alleged N294.5m theft in Lagos

NEW CITIZEN by NEW CITIZEN
July 10, 2026
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Ex-banker arraigned over alleged N294.5m theft in Lagos
Ms. Chinonso Akujobi, the accused

Ms. Chinonso Akujobi, the accused

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A former employee of Economic and Financial Crimes Commission-named bank has been arraigned before the Lagos State High Court sitting in Ikeja over an alleged theft of N294.5 million.

The defendant, Ms. Chinonso Akujobi, was arraigned on Thursday before Justice I.O. Ijelu by the Lagos Zonal Directorate 2 of the EFCC on a five-count charge bordering on alleged stealing amounting to N294,595,992.

According to the anti-graft agency, Akujobi allegedly committed the offences between January and December 2025 while working with Access Bank Plc.

The EFCC alleged that the defendant fraudulently transferred funds from the bank’s general ledger into an Access Bank account linked to her, identified as account number 0036668871, bearing the names Chinonso A., Uchechi A. and Florence A.

The Commission told the court that one of the alleged transactions involved the diversion of N109,325,566.86 for personal use without authorisation, an offence it said contravenes Sections 280 and 287 of the Criminal Law of Lagos State, 2015.

Akujobi pleaded not guilty to all five charges when they were read in court.

Following the plea, the prosecution counsel, S.M. Yabo, requested the court to fix a date for trial and also asked that the defendant be remanded in a correctional facility pending the determination of the case.

Justice Ijelu subsequently adjourned the matter until October 8, 2026, for the hearing of the defendant’s bail application and the commencement of trial.

The court also ordered that Akujobi be remanded at the Ikoyi Correctional Centre pending further proceedings.

Ms. Chinonso Akujobi is held at a prison facility in Lagos
Tags: arraignmentChinonso AkujobicourtEFCCfraudLagos
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