Three Men Arraigned for Allegedly Stealing N3.5 Billion from access Bank

The Economic and Financial Crimes Commission (EFCC) has arraigned three men, Michael Igbomins, David Onyeike, and Moses Iruolaje, before an Ikeja Special Offences Court for allegedly stealing N3.5 billion from Access Bank.

The defendants pleaded not guilty to the two counts of stealing and retention of proceeds of crime. The EFCC counsel, Abdulhamid Tukur, requested a trial date and remand of the defendants in a correctional facility.

The defence counsel acknowledged no pending applications and requested appropriate action before the next adjourned date.

According to the prosecution, the defendants allegedly committed the offences in Lagos in 2023, stealing and converting N3.5 billion belonging to Access Bank with dishonest intent. They also retained the proceeds, knowing they came from an unlawful act.

The alleged offenses are in violation of Section 17 of the EFCC Establishment Act, 2004, and Section 280 of the Criminal Laws of Lagos State, 2015.

The trial judge, Olubunmi Abike-Fadipe, ordered the defendants to be remanded in Ikoyi Custodial Centre pending the hearing and determination of their bail application.

The case was adjourned until November 28 for trial commencement.