EFCC Arraigns Forex Broker for Alleged N112m Fraud in Enugu

Our reporter

The Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC has arraigned one Daniel Chukwuka Koussou, a forex broker before Justice C. O. Ajah of the State High Court sitting in Independence Layout, Enugu State.

The suspect, Koussou was arraigned on a one-count charge bordering on criminal conversion and stealing to the tune of N112,800,800.00.

The charge reads; “That you, Daniel Chuwuka Koussou sometime in July 2022, in Enugu, Enugu State within the jurisdiction of this Honourable Court did commit a felony to wit: stealing by fraudulently converting to your own use the sum of N112,800,800.00, property of Chinedu Igbokwe and thereby committed an offence”.

The offence is contrary to Section 342 of the Criminal Code Law, Cap 30 of the Laws of Enugu State and punishable under Section 353 (1) of the same Law.

The defendant pleaded not guilty when the charge was read to him.

The counsel to EFCC, Ahmad Yusuf Abdullahi prayed the court for a trial date and for the defendant to be remanded at Enugu State Correctional facility.

On his part, the defence counsel, Ogechukwu Agbo informed the court about a motion on notice for bail for her client, but Abdullahi vehemently opposed the said application on the grounds that “the defendant might jump bail considering the weight of the allegation my lord”.

After listening to both sides, Justice Ajah granted bail to the defendant in the sum of N50,000,000.00. The sureties must be resident within jurisdiction. They must swear an affidavit of means, show evidence of tax payment for the past three years, deposit two full size photographs, be public servants of not less than Grade Level 16 and they must be verified in writing by the prosecution.

The defendant was thereafter remanded at the Enugu State Correctional facility pending the fulfilment of the bail conditions.