The Economic and Financial Crimes Commission, Lagos Zonal Directorate 1, on Thursday, arraigned one Abiodun Maccarthy before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos,
He was arraigned on a four-count charge bordering on stealing and forgery to the tune of N423, 000, 000.00.
The EFCC stated that the offence is contrary to Section 278 and 361 (1) of the Criminal Law of Lagos State 2011.
The anti-graft agency made this known in a statement shared on its Facebook page on Thursday.
The count charge read, “ABIODUN MACCARTHY, sometime in 2018 at Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use the sum of N423, 000, 000.00, money which forms part of N650,000.000 paid to you by Great Endurance Bureau De Change for fixed deposit investment with Polaris bank, while you were in their employ.”
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He pleaded not guilty to the charge preferred against him.
In view of his plea, prosecution counsel, B. M. Isah, asked the court for a trial date and also prayed the court to order the remand of the defendant in a Correctional Centre.
Consequently. Justice Dada adjourned the case till October 22, 2025 and also ordered the remand of the defendant in a Correctional Centre.