The Economic and Financial Crimes Commission (EFCC) has arraigned a former senior banker with Polaris Bank, Mrs Ugochi Dike and her husband, Emmanuel Dike, for N500 million fraud.
The couple were arraigned before a Federal High Court sitting in Port Harcourt.
Mrs Dike allegedly deceived Clip Nigeria Ltd into investing N500 million in purported contracts with NNPC, SPDC, and other International Oil Companies (IOCs).
She promised the company a clear return on investment, but after failing to deliver on her promises, Clip Nigeria Ltd realized they had been defrauded.
Upon demanding the return on their investment, Mrs Dike claimed that her husband, Emmanuel Dike, had invested the money in his cryptocurrency trading business.
It was gathered that the couple had been unable to refund the money, leading to their arraignment on a five-count charge.
The charges against the couple include conspiracy, obtaining money by pretenses, and contravention of the Advance Fee Fraud and Other Related Offenses Act, 2006.
Justice P. Ajoku of Federal Court 1 granted the couple bail to the tune of N1 million each and adjourned the matter until January 30, 2024.
