EFCC arraigns two FSDH bank officials over alleged $306,667 and €50,250 fraud in Lagos

[DinoOmoAle]

The Economic and Financial Crimes Commission (EFCC) on Tuesday, March 3, 2026, arraigned two senior officials of FSDH Merchant Bank Limited, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over alleged $306,667.81 and €50,250 fraud.

This was disclosed in a statement issued by the EFCC Lagos Zonal Directorate 1, Ikoyi.

The defendants, both top officials of the bank, were arraigned before Justice Ismaila Ijelu of the Lagos State High Court, Ikeja, on a 10-count charge bordering on alleged stealing and retention of stolen property.

 

[Ugobeauty]

The Economic and Financial Crimes Commission (EFCC) on Tuesday, March 3, 2026, arraigned two senior officials of FSDH Merchant Bank Limited, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over alleged $306,667.81 and €50,250 fraud.

This was disclosed in a statement issued by the EFCC Lagos Zonal Directorate 1, Ikoyi.

The defendants, both top officials of the bank, were arraigned before Justice Ismaila Ijelu of the Lagos State High Court, Ikeja, on a 10-count charge bordering on alleged stealing and retention of stolen property.

Many financial institutions workers are guilty of embezzlement of funds. Na who em own cast ,that's the guilty one.

 

[Tobcom]

I hope this will add up to the major points EFCC will score at this point in time. If one thinks it is only in Government circles that corruption is going on, one need to wake up to see the big corruption that is going on in the private sectors