• Crime
  • Updated: July 05, 2022

Man Remanded For N20 Million Forex Fraud In Lagos

An Ikeja Special Offences Court in Lagos, on Tuesday, ordered that a man, Solomon Idonije, charged with alleged N20 million foreign exchange fraud be remanded in the custody of the Economic and Financial Crimes Commission (EFCC).

The EFCC charged Idonije with obtaining money under false pretences.

Justice Oluwatoyin Taiwo, who gave the order, adjourned the case until July  13 for hearing on the bail application.

The EFCC alleged that Idonije on December. 21, 2020, in Lagos obtained the sum of N4.8million from Iyen Omowuiugbe for Forex Trade through Solomon Ace Forex Investments.

The anti-graft agency also alleged that Idonije on Dec. 23, 2020, in Lagos, obtained N4.1million from Omowuiugbe.

Ebuka Okongwu, who held the brief of the Prosecution Counsel, Gabriel  Akaogu, prayed the court for a trial date for the prosecution present its witnesses and evidence to prove the case against the defendant.

The defence counsel, Jonathan Okagbero, however, informed the court of an application for bail for the defendant.

EFCC said the offence contravened the provisions sections 1(1) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006. 


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Zaccheus Ukhueleigbe
Zaccheus Ukhueleigbe

is a media and communications professional | digital media strategist. A proud Nigerian and an advo...

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