Arraignment Stalled in Alleged N4.29 Billion Forex Fraud Case in Nigeria

The arraignment of a bank and four other defendants in an alleged N4.29 billion forex fraud case was stalled in Lagos after the defendants failed to appear in court. They are accused of conspiring to sell foreign exchange above Central Bank of Nigeria stipulated rates.

3 Jun, 21:38 — 3 Jun, 21:38

Post Share

Sources

Showing 1 of 1 sources

Premium TimesMostly Factual75d ago

Alleged N4.29bn Forex Fraud: Arraignment of bank, four others stalled as defendants stay away from court

One of the counts alleges that between 14 September 2022 and 20 March 2023 in Lagos, the defendants conspired to sell foreign exchange at rates above those stipulated by the Central Bank of Nigeria. The post Alleged N4.29bn Forex Fraud: Arraignment of bank, four others stalled as defendants stay away from court appeared first on Premium Times Nigeria.

By Emmanuel Agbo

Read full article →

PERSPECTA

PERSPECTA

Arraignment Stalled in Alleged N4.29 Billion Forex Fraud Case in Nigeria

Sources

Alleged N4.29bn Forex Fraud: Arraignment of bank, four others stalled as defendants stay away from court

Related Stories

Wike Orders Demolition of Structures on Abuja Waterways After Flooding

Croatian President Milanović Requests Extraordinary Session of Parliament

Few Asylum Seekers Returned to Italy from Germany Under Meloni Government

Top Russian Economist Ousted After Warning of Ukraine War Costs

PERSPECTA