EFCC arraigns two FSDH bank officials over alleged $306,667 and €50,250 fraud in Lagos

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DinoOmoAle

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Feb 28, 2023
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The Economic and Financial Crimes Commission (EFCC) on Tuesday, March 3, 2026, arraigned two senior officials of FSDH Merchant Bank Limited, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over alleged $306,667.81 and €50,250 fraud.

This was disclosed in a statement issued by the EFCC Lagos Zonal Directorate 1, Ikoyi.

The defendants, both top officials of the bank, were arraigned before Justice Ismaila Ijelu of the Lagos State High Court, Ikeja, on a 10-count charge bordering on alleged stealing and retention of stolen property.