The Federal High Court in Lagos has granted bail to Ezekiel Onyedikachi, popularly known as EeZeeTee, the former manager of gospel singer Mercy Chinwo, in the sum of ₦20 million. This decision comes amidst allegations of a $255,000 foreign exchange fraud leveled against him by the Economic and Financial Crimes Commission (EFCC).
Justice Chukwujekwu Aneke, presiding over the case, stipulated that the bail must be secured with one surety residing in Lagos, who owns property equivalent to the bail amount. EeZeeTee has been given 72 hours to fulfill these conditions .
The EFCC initially filed a 14-count charge against EeZeeTee for alleged fraudulent conversion. However, the charges were later amended to seven counts, accusing him of engaging in foreign exchange transactions without proper authorization. The prosecution alleges that in June 2023, EeZeeTee negotiated a foreign exchange transaction worth $52,895 with one Mr. Oladotun Olaobaju Mureke, without the necessary approval from the Central Bank of Nigeria (CBN) .
EeZeeTee has pleaded not guilty to all charges. The court has adjourned the case to June 20, 2025, for trial proceedings to commence .
