Lagos banker, seven others arraigned for alleged N710m fraud

The Police Special Fraud Unit in Lagos has charged a banker and seven others with a N710 million proof-of-funds fraud. The defendants include Elvis Osazee Eghile, Egharevba MaryJane Osarieyekemwen, Precious Omonigho Irbhogbe, Aghatise Kelvin Uhuenkpoewen, Nweke Nnamdi Emmanuel, Obinyan Esther, Egharevba Emmanuel Osagioduwa, and Emmanuel Obinyan Osenonome.

The investigation was initiated following a petition to the Commissioner of Police over the alleged fraudulent disbursement of N710 million placed under Post-No-Debit restrictions. The suspects allegedly used forged or disputed proof-of-funds, indemnity, and Post-No-Debit documents to facilitate the fraud. Suspected proceeds were traced to accounts linked to individuals connected with the principal suspect, and assets such as vehicles and a plot of land were identified as being acquired with the proceeds.

The Commissioner of Police, PSFU, reaffirmed the unit's commitment to thorough and evidence-based investigations into complex financial crimes.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.