The Economic and Financial Crimes Commission (EFCC) has arraigned a former Access Bank Plc employee, Chinonso Akujobi, over the alleged theft and unlawful conversion of ₦294.6 million belonging to the financial institution.
Akujobi was brought before Justice I.O. Ijelu of the Lagos State High Court sitting in Ikeja on Thursday, where she faced a five-count charge bordering on stealing and fraudulent conversion of bank funds.
According to the EFCC, the alleged offences were committed between January and December 2025, while Akujobi was employed by the bank. The anti-graft agency accused her of diverting money from the bank’s general ledger into Access Bank account number 0036668871, reportedly bearing the names Chinonso A., Uchechi A., and Florence A.
One of the charges alleged that Akujobi fraudulently transferred ₦109,325,566.86 through unauthorised transactions, which the EFCC said she converted for personal use.
The commission argued that the alleged actions violated Section 280 and are punishable under Section 287 of the Criminal Law of Lagos State, 2015, describing the transactions as dishonest conversions of the bank’s funds.
When the charges were read in court, the defendant pleaded not guilty to all five counts.
Following her plea, EFCC prosecuting counsel, S.M. Yabo, asked the court to fix a trial date and order the defendant’s remand in a correctional facility pending the hearing of her bail application.
Justice Ijelu subsequently adjourned the case until October 8, 2026, for the hearing of the bail application and commencement of trial.
The court also ordered that Akujobi be remanded at the Ikoyi Correctional Centre pending further proceedings.
The case is one of several financial crime prosecutions currently being pursued by the EFCC involving alleged fraud within Nigeria’s banking sector.
