EFCC Arraigns Woman For Over ₦240 Million Forex Fraud In Abuja


 
Ene Queen Bamaiyi has been arraigned before Justice A.A. Halilu of the Federal Capital Territory (FCT), High Court, Apo, Abuja.
 
The Economic and Financial Crimes Commission (EFCC), on Thursday, October 2, 2025, arraigned Bamaiyi on a one-count charge of criminal breach of trust to the tune of ₦240,500,000 (Two Hundred and Forty Million, Five Hundred Thousand Naira).
 
Bamaiyi was alleged to have dishonestly converted to personal use, the sum of ₦124,000,000 (One Hundred and Twenty-Four Million Naira) out of the sum of ₦240,500,000 (Two Hundred and Forty Million, Five Hundred Thousand Naira), entrusted to her by one Bright Okubo for foreign exchange conversion.
 
The charge reads: 

That you, Ene Queen Bamayi (female), sometime in May 2024 in Abuja within the Judicial Division of this Honourable Court, while being entrusted with the sum of ₦240,500,000.00 (Two Hundred and Forty Million, Five Hundred Thousand Naira) by one Bright Okubo for conversion at dollar equivalent, did dishonestly convert ₦124,000,000.00 (One Hundred and Twenty-Four Million Naira) out of the said sum to your personal use in violation of the purpose for which the money was entrusted with you, and you thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Code.”
 
She pleaded “not guilty” to the charge, following which the prosecution counsel, Joshua Saidi requested a trial date and informed the court of his intention to invite five witnesses to prove the case, while the defence counsel, M.A. Attah (SAN), prayed the court to grant his client bail on self-recognition and on liberal terms, citing her status as a single mother of a two-year-old child.
 
Justice Halilu, after considering the submissions, granted the defendant bail in the sum of ₦30,000,000 (Thirty Million Naira) with two reliable sureties in like sum, who are not below Grade Level 14 in the civil service. He further ordered that the defendant deposited her passport with the EFCC and be remanded in Suleja Correctional Centre, pending the fulfilment of her bail conditions.
 
The case was adjourned till December 2 and 3, 2025 for trial.

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