The Economic and Financial Crimes Commission (EFCC) on Thursday, October 2, arraigned Ene Queen Bamaiyi before Justice A.A. Halilu of the Federal Capital Territory High Court in Apo, Abuja, on a one-count charge of criminal breach of trust involving N240.5 million.
Bamaiyi is accused of dishonestly converting N124 million of the funds, entrusted to her by Bright Okubo for foreign exchange conversion, for personal use.
According to the EFCC, the offense occurred in May 2024, with the charge stating that Bamaiyi’s actions violated Section 311 of the Penal Code, punishable under Section 312.
She pleaded not guilty, prompting prosecution counsel Joshua Saidi to request a trial date and announce plans to call five witnesses.
Defence counsel M.A. Attah, SAN, sought bail on liberal terms, citing Bamaiyi’s status as a single mother of a two-year-old child.
Justice Halilu granted bail at N30 million with two sureties of the same amount, requiring each to be at least a Grade Level 14 civil servant.
He also ordered Bamaiyi to surrender her passport to the EFCC and remanded her to Suleja Correctional Centre until bail conditions are met. The trial is scheduled for December 2 and 3, 2025.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
