Arraignment Stalled in Alleged N4.29 Billion Forex Fraud Case in Nigeria

The arraignment of a bank and four other defendants in an alleged N4.29 billion forex fraud case was stalled in Lagos after the defendants failed to appear in court. They are accused of conspiring to sell foreign exchange above Central Bank of Nigeria stipulated rates.

3 Jun, 21:38 — 3 Jun, 21:38

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Premium TimesMostly Factual6h ago

Alleged N4.29bn Forex Fraud: Arraignment of bank, four others stalled as defendants stay away from court

One of the counts alleges that between 14 September 2022 and 20 March 2023 in Lagos, the defendants conspired to sell foreign exchange at rates above those stipulated by the Central Bank of Nigeria. The post Alleged N4.29bn Forex Fraud: Arraignment of bank, four others stalled as defendants stay away from court appeared first on Premium Times Nigeria.

By Emmanuel Agbo

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Arraignment Stalled in Alleged N4.29 Billion Forex Fraud Case in Nigeria

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Alleged N4.29bn Forex Fraud: Arraignment of bank, four others stalled as defendants stay away from court

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