Court Sends Man to Kuje Prison Over alleged N390,000,000 Fraud Scheme
- EFCC arraigned Ndubisi Kenechukwu Ugonna in Abuja for allegedly defrauding a victim of $500,000 through a fake global investment scheme
- The defendant pleaded not guilty and will remain in Kuje Correctional Centre pending a September 25 hearing on his bail application
- Prosecutors accuse Ugonna of violating the Advance Fee Fraud and Other Fraud Related Offences Act of 2006
The Economic and Financial Crimes Commission has arraigned Ndubisi Kenechukwu Ugonna before the Federal Capital Territory High Court in Gudu, Abuja over an alleged $500,000 fraud.
Ugonna faced a one-count charge of advance fee fraud and obtaining money by false pretence.
Source: Facebook
Man involved in $500,000 scam
According to the charge sheet, he allegedly obtained the sum of $500,000 from one Kofoworola Olagunju in 2020 under the claim that he could invest the money in a global security business. Investigators said the investment offer was fraudulent and that Ugonna knew he had no capacity to deliver the promised returns.
The alleged offence contravenes Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and is punishable under Section 1(3) of the same law.
Ugonna pleaded not guilty when the charge was read. Prosecution counsel Joshua Saidi then requested a trial date and asked the court to remand the defendant in a correctional facility.
Defense counsel pled not guilty
Defence counsel opposed the request and drew the court’s attention to a pending bail application, asking that the accused be kept in EFCC custody until the application is determined.
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Justice E. Okpe fixed September 25, 2025 for hearing on the bail request. The judge ordered that Ugonna be held at the Kuje Correctional Centre until the next sitting.
The EFCC has continued to intensify its pursuit of financial crime cases involving advance fee fraud, a scheme commonly known as “419,” which targets unsuspecting investors and individuals seeking high-return opportunities.
The commission maintains that strict enforcement and timely prosecution are key to deterring such offences.
EFCC accused of arresting ADC top leaders
Earlier, Legit.ng reported that the EFCC questioned ex-governor of Sokoto Aminu Tambuwal over alleged ₦189bn withdrawals, sparking claims by ADC of political intimidation.
ADC accused EFCC of bias and targeting opposition leaders ahead of 2027, but EFCC denied acting for any party.
Internal rifts deepened in the coalition as key figures distanced themselves, with ADC leadership seeming to shift to acting chairman Nafiu Bala.
Nigerian governor declared nonexistent mansion
Earlier, Legit.ng reported that the Economic and Financial Crimes Commission (EFCC) has exposed a scheme in which politicians declare ownership of assets they have not yet acquired before taking office.
The anti-graft agency described the practice as a calculated plan to facilitate the looting of public funds once in power.
EFCC Chairman, Ola Olukoyede, disclosed this on Tuesday in Abuja during the launch of the Virtual Tool on the Code of Conduct for Public Officers. The event was organised by the Code of Conduct Bureau (CCB) in collaboration with the Technical Unit on Governance and Anti-Corruption Reforms (TUGAR).
Source: Legit.ng
