THE Economic and Financial Crimes Commission (EFCC) has arraigned Ene Queen Bamaiyi before Justice A.A. Halilu of the Federal Capital Territory High Court, Apo, on charges of diverting part of ₦240.5 million meant for foreign exchange transactions.
In a statement released today, the EFCC said Bamaiyi was arraigned on October 2, 2025, on a one-count charge of criminal breach of trust.
According to the charge, she was entrusted with ₦240.5 million by one Bright Okubo for dollar exchange but allegedly converted ₦124 million to her personal use.
The charge partly reads:
“That you, Ene Queen Bamaiyi, sometime in May 2024 in Abuja, while entrusted with the sum of ₦240,500,000 by one Bright Okubo for conversion to dollar equivalent, dishonestly converted ₦124,000,000 for your own use, thereby committing an offence contrary to Section 311 of the Penal Code and punishable under Section 312.”
Bamaiyi pleaded not guilty.
The Prosecuting counsel, Joshua Saidi, disclosed that the EFCC plans to call five witnesses to prove its case. Defence counsel, M.A. Attah, SAN, applied for bail, citing his client’s status as a single mother of a two-year-old child.
Justice Halilu granted bail in the sum of ₦30 million with two sureties not below Grade Level 14 in the civil service.
He also ordered Bamaiyi to deposit her passport with the EFCC and remanded her at Suleja Correctional Centre until she meets the bail conditions.
The case was adjourned to December 2 and 3, 2025, for trial.
Meanwhile, the EFCC announced the arrest of 92 suspected internet fraudsters in Benin City, Edo State, during a sting operation on September 29, 2025, following intelligence reports linking them to cybercrime.