The Economic and Financial Crimes Commission has arraigned Ene Queen Bamaiyi before Justice A.A. Halilu of the Federal Capital Territory High Court, Apo, Abuja, for allegedly diverting ₦124 million out of ₦240.5 million entrusted to her for foreign exchange conversion.
In a statement shared on its official X handle on Thursday, the Commission said Bamaiyi was arraigned on October 2, 2025, on a one-count charge of criminal breach of trust.
According to the EFCC, Bamaiyi was entrusted with ₦240.5 million by one Bright Okubo for dollar exchange but allegedly “dishonestly converted ₦124,000,000 to her personal use, in violation of the purpose for which the money was entrusted to her.”
The charge reads in part, “That you, Ene Queen Bamayi (female), sometime in May 2024, in Abuja, while being entrusted with the sum of ₦240,500,000 by one Bright Okubo for conversion at dollar equivalent, did dishonestly convert ₦124,000,000 out of the said sum to your personal use, and thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Code.”
The defendant pleaded not guilty to the charge.
Prosecution counsel, Joshua Saidi, informed the court of plans to call five witnesses to prove the case and requested a trial date. Defence counsel, M.A. Attah, SAN, applied for bail on liberal terms, citing Bamaiyi’s status as a single mother of a two-year-old child.
Justice Halilu granted the defendant bail for ₦30 million with two sureties in like sum, who must not be below Grade Level 14 in the civil service. He also ordered the deposit of her passport with the EFCC and remanded her at the Suleja Correctional Centre pending the fulfilment of bail conditions.
The case was adjourned to December 2 and 3, 2025, for trial.
Meanwhile, the EFCC had arrested 92 suspected internet fraudsters in Edo State.
In a statement posted on Wednesday via its X handle, the Commission said operatives of its Benin Zonal Directorate carried out a sting operation on Monday, September 29, 2025, at various locations within Benin City, following credible intelligence linking the suspects to computer-related crimes.
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