EFCC probe Couple in Alleged N2.7bn Fraud

EFCC probe Couple in Alleged N2.7bn Fraud

Economic and Financial Crimes Commission, says he presented its first prosecution witness, PW1, Chibueze Chukwuma, Team Lead, Regulatory Enquiries Unit, Access Bank, against a couple, Ruth Idowu and Oriyomi Idowu, who are being prosecuted for an alleged N2.7billion naira  fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos.

The defendants are facing 20-count charges bordering on obtaining money by false pretence, money laundering, stealing, retention of stolen property and forgery to the tune of Two Billion, Seven Hundred and Fifty Seven Million, One Hundred and Eighty-eight Thousand Naira.

They were arraigned on Tuesday, November 28, 2023 by the Lagos Zonal Command of the EFCC alongside Food Commodity Processing Enterprise, Bonway Food Processing Company Limited, Samee Idowu Company Limited and Farmex Integrated Companies Limited, which all belong to Ruth Idowu.

He also identified the response of the bank, which included the account opening packages and their bank account statements, while, Muhammed applied to tender them in evidence against the defendants.

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