The Economic and Financial Crimes Commission (EFCC) has arraigned a former employee of a new-generation bank, Chinonso Akujobi, before the Lagos State High Court in Ikeja over the alleged theft of ₦294.6 million belonging to the bank.
Akujobi was docked on a five-count charge bordering on stealing. According to the EFCC, he allegedly diverted ₦294,595,992 through unauthorised transfers from the bank’s general ledger into personal and related accounts while he was employed by the financial institution between January and December 2025.
The anti-graft agency told the court that the alleged transactions violated Sections 280 and 287 of the Criminal Law of Lagos State, 2015. Akujobi pleaded not guilty to all the charges when they were read to him.
Following his plea, the prosecution asked the court to fix a trial date and remand the defendant pending the hearing of his bail application. Justice I.O. Ijelu adjourned the case to October 8, 2026, for the hearing of the bail application and commencement of trial, and ordered that Akujobi be remanded at the Ikoyi Correctional Centre
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