Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Meet Dr. Satya Vadlamani, The Woman On A Mission To Globalize Indian Pharma Excellence
    • Revolutionizing Chronic Disease Mgt: Murli Krishna Pharma’s Modified Release Pellets At WHX Lagos 2025
    • FRSC, TRADOC Strengthen Partnership, As NIMC Seeks Army Personnel Enrolment
    • Nasarawa Gov Sule, Partners FRSC In Campaign Against Road Crashes, Flags Off Operation Sanity
    • EFCC Nabs Eight Suspected Internet Fraudsters In Abia
    • Kano TikToker, Murja Kunya Bags Six Months Jail Term For Naira Abuse
    • UN Peacekeepers Day: Chief Of Defence Staff Says Nigeria Committed To Global Peace
    • NiMet, HEDA Strengthen Partnership To Support Smallholder Farmers
    Facebook X (Twitter) Instagram YouTube
    HumsimediaHumsimedia
    • Home
    • News
      • News Analysis
      • Politics
      • Environment
      • Energy
      • Security
      • Defence
    • Entertainment
    • Business
      • Economy
    • Health
    • Interview
    • Lifestyle
    • Global News
    HumsimediaHumsimedia
    Home»News»EFCC Arraigns Lawyer, Alexander Uchenna Ozougwu For Alleged N1.3bn Forex Fraud In Uyo
    News

    EFCC Arraigns Lawyer, Alexander Uchenna Ozougwu For Alleged N1.3bn Forex Fraud In Uyo

    HumsiBy HumsiFebruary 20, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Miriam Humbe

    The Economic and Financial Crimes Commission, EFCC, Uyo Zonal Directorate, on Wednesday, February 12, 2025, arraigned a legal practitioner, Barrister Alexander Uchenna Ozougwu before Justice Sergius Onah of the Federal High Court sitting in Uyo, Akwa Ibom State.

    Barrister. Alexander Uchenna Ozougwu was arranged for allegedly defrauding his victims to the tune of N1, 323, 850. 000. 00 (One Billion, Three Hundred and Twenty Three Million, Eight Hundred and Fifty Thousand Naira) through a bogus foreign exchange investment scheme.

    Dele Oyewale, EFCC’s Head of Media and Publicity disclosed this in a statement signed on Thursday.

    The accused was arraigned on six –count charges bordering on obtaining money by false pretence in contravention of provisions of Section 18(2)(d) of the Money laundering (Prevention and Prohibition) Act 2022.

    Count one of the charges against him reads:

    “That you Alexander Uchenna Ozogwu sometime in September 2024 in Nigeria, within the jurisdiction of this Honorable Court, did take possession of the total sum of Two Hundred and Sixty Eight Million, Eight Hundred and Fifty Thousand Naira Only (-N=268,850,000) through a bank account with account name- STARLIGHT ATTORNEYS which you knew formed proceeds of an unlawful act to wit: obtaining money by false pretence and thereby committed an offence contrary to Section 18(2)(d) of the Money laundering (Prevention and Prohibition) Act 2022 and punishable under Section 18(3) of the same Act’.

    Count two reads: “That you Alexander Uchenna 0zougwu sometime in July, 2024 in Nigeria, within the jurisdiction of this Honorable Court, did take possession of the total sum of Two Hundred and Thirteen Million Naira Only (=N=213,000,000) through a bank account with account name- STARLIGHT ATTORNEYS which you knew formed proceeds of an unlawful act to wit: obtaining money by false pretence and thereby committed an offence contrary to Section 18(2)(d) of the money laundering (Prevention and Prohibition) Act 2022 and punishable under Section 18(3) of the same Act’.

    The defendant pleaded not guilty to the charges when they were read to him, and in view of his plea, prosecution counsel, Joshua O. Abolarin prayed the Court to remand the defendant at a Correctional Centre and fix a date for trial, but the defence counsel C. M.Onuchukwu quickly informed the court of a bail application which he said was filed on self- recognizance for the defendant and also assured the court that he shall make himself available for trial.

    After listening to both counsels, Justice Onah granted bail in the sum of N500, 000, 000.00 (Five Hundred Million Naira only) with two sureties in like sum.

    The sureties must be civil servants of grade level 12 and above, and must have landed properties within the jurisdiction of the court.

    The Court also ordered the defendant to deposit his international passport and two recent passport photographs with the court.

    Ozougwu was docked on the claims of four petitioners that alleged that he presented himself as a registered bureau de change operator with the Central Bank of Nigeria through which he earned their trust and collected the passwords to their betting accounts and promising that he was going to help them fund their accounts, but ended up diverting their funds.

    Investigation into the allegations revealed that the defendant was operating a ponzi scheme under the guise of exchanging dollars for his victims and channelling most of the funds to various betting platforms.

    A total of N1, 323, 850. 000. 00 was discovered to have been diverted from the accounts of the petitioners.

    The judge adjourned the matter to March 31, 2025 for trial.

    Akwa-Ibom Alexander Uchenna Ozougwu EFCC Fraud Money Laundering Ponzi Scheme
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Humsi
    • Website

    Related Posts

    Meet Dr. Satya Vadlamani, The Woman On A Mission To Globalize Indian Pharma Excellence

    May 30, 2025

    Revolutionizing Chronic Disease Mgt: Murli Krishna Pharma’s Modified Release Pellets At WHX Lagos 2025

    May 30, 2025

    FRSC, TRADOC Strengthen Partnership, As NIMC Seeks Army Personnel Enrolment

    May 29, 2025
    Leave A Reply Cancel Reply

    Recent Posts
    • Meet Dr. Satya Vadlamani, The Woman On A Mission To Globalize Indian Pharma Excellence
    • Revolutionizing Chronic Disease Mgt: Murli Krishna Pharma’s Modified Release Pellets At WHX Lagos 2025
    • FRSC, TRADOC Strengthen Partnership, As NIMC Seeks Army Personnel Enrolment
    • Nasarawa Gov Sule, Partners FRSC In Campaign Against Road Crashes, Flags Off Operation Sanity
    • EFCC Nabs Eight Suspected Internet Fraudsters In Abia
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Humsimedia. Designed by Humsi Media.

    Type above and press Enter to search. Press Esc to cancel.

    • main-function-school-board-toserve-schools-principals
    • read-excerpt-act-5-scene-1of-julius-caesarcassius-now
    • keep-space-cushiononly-front-caronly-behind-caron-sides
    • eating-disorders-caused-following-factors-excepta
    • piece-dialogue-leslie-marmon-silkos-story-man-send-rain
    • theodore-earned-third-degree-giving-highest-degree
    • read-excerpt-chapter-5-animal-farmall-came-look
    • correct-format-formal-letterheading-salutation-body
    • actions-fidel-castro-take-cuba-creating-communist-system
    • definition-collective-bargainingongoing-salary
    • two-weaknesses-articles-confederation
    • downzoning-occurs-one-area-reducing-property-values
    • read-passage-live-twentyfour-hours-daybring-back-scruff
    • heart-glass-one-earliest-commercial-rap-recordingsselect
    • read-excerpt-odysseymy-men-stood-made-fight-itbacked
    • likely-reason-majority-immigrants-passed-ellis-island
    • federalaid-highway-act-1956-growth-suburbs-negative
    • harita-memorize-90-measures-music-cello-solo-concert
    • 4th-roots-16i-locatedon-circle-radius-17on-circle-radius
    • result-concept-nuclear-deterrence-cold-warboth-united