EFCC Case Against UBA, Others Stalled as Defendants Fail to Appear
Proceedings in the alleged ₦4.29 billion fraud and money laundering case instituted by the Economic and Financial Crimes Commission (EFCC) against United Bank for Africa Plc (UBA) and four others were on Mobday stalled at the Lagos State High Court, Ikeja, due to the absence of the defendants. The case is before Justice Rahman Oshodi at the Criminal Division of the High Court of Lagos State. The defendants are United Bank for Africa Plc, Muyiwa Akinyemi, Amangbo Eziashi Stephen, Gesos Global Service Limited, and Fedat Global Limited. At the hearing, EFCC counsel, Mr. T. J. Banjo, announced his appearance and informed the court that the defendants failed to appear for arraignment despite having been served with the charge and other court processes. Banjo told the court that the second and third defendants, Muyiwa Akinyemi and Amangbo Eziashi Stephen, were aware of the trial but were currently on the run. He consequently applied for an adjournment to enable the commission fil...