From: Femi Oyelola in Kaduna
The Economic and Financial Crimes Commission (EFCC) has arraigned one Abiodun Maccarthy before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, over alleged N423 million fraud.
According to a statement signed by Dele Oyewale, Head of Media & Publicity, and issued to the media in Kaduna yesterday, McCarthy was arraigned on a four-count charge bordering on stealing and forgery.
The charges relate to the alleged conversion of N423 million, part of N650 million paid to him by Great Endurance Bureau De Change for a fixed deposit investment with Polaris Bank.
McCarthy pleaded “not guilty” to the charges. The prosecution counsel asked the court for a trial date and prayed the court to order the remand of the defendant in a Correctional Centre.
Justice Dada adjourned the case till October 22, 2025, and ordered the remand of the defendant in a Correctional Centre.
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