The Economic and Financial Crimes Commission (EFCC) has arrested and arraigned a female banker Judith Nneka Nwagwu for alleged N452m fraud.
In Onitsha, Anambra State, she appeared before Justice D. A. Onyefulu of the Anambra State High Court.
Nwagwu is charged with seven counts of forgery and collecting money by deception totaling N452,047,000.
The defendant is accused of obtaining N192,000,000 from a complainant for whom she worked as his account officer.
Nwagwu alleged that the bank was selling $400,000 at a rate of N480 per dollar.
Her employers filed a complaint with the EFCC stating that she fabricated two fixed deposit certificates and fraudulently took N260,047,000 from a customer while pretending to fix the money for him.
In count 6 of the charge, Nwagwu, sometime in 2021 made a “false document titled ‘Malaexchio Global Limited’ with the value of N141,347,289”
The offence violates Section 436 of the Criminal Code Law, Cap 36, Anambra and punishable under Section 444(3)(h) of the same law.
Nwagwu pleaded not guilty when the charges were read. Prosecution counsel Michal Ani requested a date for the commencement of trial.
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