EFCC Arraigns Ex-Access Bank Employee Over Alleged Fraud

EFCC arraigns a former Access Bank employee over alleged N294.5 million theft as the Lagos court orders continued remand.

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The Economic and Financial Crimes Commission (EFCC) has arraigned a former Access Bank employee over the alleged theft of N294.5 million from customers’ accounts in Lagos.

The EFCC brought Chinonso Akujobi before Justice I.O. Ijelu of the Lagos State High Court in Ikeja on Thursday. Prosecutors filed five charges linked to alleged theft. The anti-graft agency claimed Akujobi diverted a total of N294,595,992 while working for Access Bank.

According to one of the charges, between January and December 2025, Akujobi “with a dishonest intent, and while under the employment of Access Bank Plc, st@le and converted for your own use, by unauthorized payments from the general ledger of the bank to your Access Bank account, the sum of N109,325,566.86.” The EFCC also alleged that the money moved into bank accounts bearing the names Chinonso A., Uchechi A., and Florence A.

During the court session, Chinonso Akujobi pleaded not guilty to all five charges. After the plea, prosecution counsel S.M. Yabo asked the court to set a trial date and remand the defendant in a correctional facility while the case continues.

Justice I.O. Ijelu adjourned the matter until 8 October 2026. The court will hear the bail application and begin the trial on that date. The judge also ordered that Akujobi remain at the Ikoyi Correctional Centre until further court proceedings.

The EFCC case will continue when the court reconvenes, with the bail application and trial expected to move forward.

What are your thoughts on the measures banks and regulators should take to help prevent alleged internal financial fraud?

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