Banking & Finance

How Emee Oil CEO Scammed Herbert Wigwe-Led Access Bank Over N4.4bn

Emee Oil CEO has been arranged by the EFCC for allegedly defrauding Herbert Wigwe-led Access Bank up to the tune of N4.4 billion.

BrandNewsDay Nigeria reports that the Chief executive officer (CEO) of Emee Oil and Gas Nigeria Limited, Florence Onojame has been arraigned before the Ikeja special offences court for allegedly defrauding Access Bank a whopping N4.4 billion.

This online news platform gathered that the Economic and Financial Crimes Commission (EFCC), on Thursday, filed a three-count charge of conspiracy, stealing, and receiving fraudulently obtained property against Onojame.

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Fatai Mohammed, the EFCC counsel, said Onojame and four others (who are still at large) allegedly committed the crime in February 2022 in Lagos.

The EFCC counsel said the N4.4 billion was stolen and transferred through Primusplus — an electronic banking platform of Access Bank — by Onojame.

The anti-graft lawyer also said she used Emee Oil and Gas login details to carry out the transfer and deposited the money into several accounts in Access Bank.

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Onojame, however, pleaded not guilty to the charges, which the EFCC said breached sections 278, 326, and 409 of the Criminal Law of Lagos State, 2015.

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During the court proceedings, Williams Onate, the defence counsel, prayed that the court should order a short adjournment for the hearing of the bail application.

Onate also asked that the court should remand the defendant in the custody of the EFCC pending the bail hearing.

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But Mojisola Dada, the judge, ruled that the defendant be remanded at the Ikoyi Correctional Centre.

The hearing of the bail application was adjourned to October 10, 2023.

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Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

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