EFCC Arraigns Man  Over  Alleged $626,282 Fraud in Lagos

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 1, Ikoyi, on Tuesday, October 20, 2026, arraigned one Abraham Idowu Abiara before Justice Ismail Ijelu of the Lagos State High Court sitting in Ikeja for alleged $626,282  fraud.
Abiara is standing trial on a one-count charge bordering  on stealing and dishonest conversion of funds.
The count reads: "That you, Abraham Idowu Abiara on about the 2nd of September 2015, in Lagos, within the jurisdiction of this Honourable Court dishonestly converted to your own use the aggregate sum of $626,285  committed an offence contrary to Section 280(2) and punishable under Section 287 of the criminal law of Lagos State 2015."
The defendant pleaded not guilty when the charge was read to him.EFCC Arraigns Man for $626,282 Alleged Fraud in Lagos
In view of his plea, the prosecution counsel, C.C. Okezie urged the court to remand the defendant in a correctional facility and fix a date for trial, following which bJustice Ijelu, therefore adjourned the matter to October 26, 2026 for hearing of bail application and trial to commence.