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The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, Ikoyi, has arraigned one NAbraham Idowu Abiara (m) before the Lagos State high court sitting in Ikeja for an alleged $626,282 (six hundred and twenty six thousand, two hundred and eighty two dollars) fraud.
Abiara who was arraigned before Justice Ismail Ijelu is standing trial on a one-count charge bothering 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.”
When the charge was read to the defendant, he pleaded not guilty.
In view of his plea, the EFCC prosecution counsel, C.C. Okezie urged the court for a trial date.
Justice Ijelu, adjourned the matter to October 26, 2026 and remanded the defendant in a correctional facility pending hearing of bail application .
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