₦airaland Forum

The Economic and Financial Crimes Commission has arraigned Ene Queen Bamaiyi before Justice A.A. Halilu of the Federal Capital Territory High Court, Apo, Abuja, for allegedly diverting ₦124 million out of ₦240.5 million entrusted to her for foreign exchange conversion.

In a statement shared on its official X handle on Thursday, the Commission said Bamaiyi was arraigned on October 2, 2025, on a one-count charge of criminal breach of trust.

According to the EFCC, Bamaiyi was entrusted with ₦240.5 million by one Bright Okubo for dollar exchange but allegedly “dishonestly converted ₦124,000,000 to her personal use, in violation of the purpose for which the money was entrusted to her.

The Economic and Financial Crimes Commission has arraigned Ene Queen Bamaiyi before Justice A.A. Halilu of the Federal Capital Territory High Court, Apo, Abuja, for allegedly diverting ₦124 million out of ₦240.5 million entrusted to her for foreign exchange conversion.

In a statement shared on its official X handle on Thursday, the Commission said Bamaiyi was arraigned on October 2, 2025, on a one-count charge of criminal breach of trust.

According to the EFCC, Bamaiyi was entrusted with ₦240.5 million by one Bright Okubo for dollar exchange but allegedly “dishonestly converted ₦124,000,000 to her personal use, in violation of the purpose for which the money was entrusted to her.

The charge reads in part, “That you, Ene Queen Bamayi (female), sometime in May 2024, in Abuja, while being entrusted with the sum of ₦240,500,000 by one Bright Okubo for conversion at dollar equivalent, did dishonestly convert ₦124,000,000 out of the said sum to your personal use, and thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Code.”

The defendant pleaded not guilty to the charge.

Prosecution counsel, Joshua Saidi, informed the court of plans to call five witnesses to prove the case and requested a trial date. Defence counsel, M.A. Attah, SAN, applied for bail on liberal terms, citing Bamaiyi’s status as a single mother of a two-year-old child.

Justice Halilu granted the defendant bail for ₦30 million with two sureties in like sum, who must not be below Grade Level 14 in the civil service. He also ordered the deposit of her passport with the EFCC and remanded her at the Suleja Correctional Centre pending the fulfilment of bail conditions.

The case was adjourned to December 2 and 3, 2025, for trial.

Meanwhile, the EFCC had arrested 92 suspected internet fraudsters in Edo State.

https://punchng.com/efcc-arraigns-woman-over-%E2%82%A6240-5m-fraud-in-abuja/

Not guilty my ass. I feel no pity for this woman. For you to have short changed a person of half the money it shows she's a criminal.

I like the bail conditions sha.

Nigeria's problem is also from bottom to top and not just the top alone.
People like this are ready to condemn people in government forgetting that they are also entrusted with one trust or another.

Everyone with a criminal mindset......

These are people who will blame the government for everything but couldn't even maintain integrity with what was entrusted to her.

Lots of fellas on this platform are not too different from this woman.....

Money that Tinubu uses to shave his head for mosque on friday. Abegi

When will they start arranging the real thieves? They are all going to stand for elections in 2027

What did this small girl do with a huge sum of 124m? The person who gave her the money should be prosecuted as well. If you want to convert 243m to dollars, why didn't go to genuine registered bureau if your hands are clean? This is money laundering went wrong.

Ironfaceman:
Not guilty my ass. I feel no pity for this woman. For you to have short a person of half the money it shows she's a criminal.

I like the bail conditions sha.

She doesn't even look like someone that can divert 1 million naira for personal use.

Barrywilly:
What did this small girl do with a huge sum of 124m? The person who gave her the money should be prosecuted as well. If you want to convert 243m to dollars, why didn't go to genuine registered bureau if your hands are clean? This is money laundering went wrong.

The story is deeper than what we are reading here.

I am sure this happen pre - balablu era when dollar unification policy was not yet implemented.

Godfullsam:
She doesn't even look like someone that can divert 1 million naira for personal use.

I swear. But that is how people fall into snares by deceit

omoredia:
Money that Tinubu uses to shave his head for mosque on friday. Abegi

. Maybe him dey buy diamond razor blade and rinse him head with moet

Our leaders are not the problem. We Nigerians are the problem.

Some persons who commented before me just dey say her type will blame government,this and that. Are the government not worst than her? Will people blame the government or leaders if they are doing the right thing?
Who divert one person money and those diverting over 200m persons money,which one worst pass?

This is just 200m+ , while government diverts billions of dollar on steady

Make una no dey do stupid comparison abeg..

Many people are here with the biblical Jesus mentality of not prosecuting the adulteress...

Just because someone they know commits a crime then others shouldn't be prosecuted till their perceived culprit is apprehended.

Prosecution should start somewhere!

JASONjnr:
Everyone with a criminal mindset......

These are people who will blame the government for everything but couldn't even maintain integrity with what was entrusted to her.

Lots of fellas on this platform are not too different from this woman.....

Our government officials are criminals and nothing happens to them that is why the citizens emulate them to steal

December is already here so you have to know the odd

Relationship goes wrong... she is probably Bright Okubo girlfriend.

Is she a Bureau du change for a high networth man to hand her that large sum of money for conversion?

She should be given a full life sentence in the court, I have no pity for this woman, she is a thief.

JASONjnr:
Everyone with a criminal mindset......

These are people who will blame the government for everything but couldn't even maintain integrity with what was entrusted to her.

Lots of fellas on this platform are not too different from this woman.....

While I am not here to defend what she did, I have to make it clear that leaders are role models in all societies.

Peter Obi always says that if the man on top isn't stealing, his subordinates won't have a reason to steal. But if the oga at the top is looting, everyone joins the looting spree. This is a basic logic.

As Nigerians hear billions and billions that are unaccounted for and elect people with questionable characters, what message do you think all this passes to ordinary people and the younger generation? It's simple - this is a country without value.

Know this and know peace.....

How do these people execute these type of fraud?

They make Fraud look easy to execute.

How can they use such a sensational headline whereby the case has not come to a reasonable conclusion.

They can say she allegedly or she's been accused.

They just made up a report that have already indicted her as if she has confessed to the crime.

They posted what the plaintiff is claiming, they didn't tell us the woman side of the story.

And for the woman to be given such volume for conversion means either she has a strong reputation in the business or the man has been doing business with her before.

They didn't say that she took all the money. They simply said she converted about half of the money and gave to the man and probably used the remaining to do something else which is not a crime cos someone can give you money for a project, you can use it to tackle another very pressing issues you have provided the next day you can sort out the funds and execute the project.

There's no case here. The guy should settle out of court if not he'll get that money in the next 7yrs by the time the lady hires people to probe the guys source of funds, check his tax remittance and others even EFCC will join the woman and show the guy the Nigerian treatment.

Nawa O

This One Really Shocked MR BLOGGER

Say No, To any Type Of Fraud

Nigeria breeds criminals, from so called Nigerians to their terrorist masters in 36 states government houses and Aso Rock Villa...

Even judiciary breeds political terrorists and criminals...

They will soon blame it on Mazi Nnamdi Kanu and PM Simon Ekpa of United States of Biafra

She prolly reinvested the funds to double it and repay in nearest future. The bail condition is welcome

She no settle or she no get godfather, that's why her face is showing.

Wow I know this lady what happened? This is sad news

Doing business with any Nigerian you must shine your eyes, use your 7th sense, if not na Express straight you de go.
Very dishonest and yet blame the leaders for their woes, they forget the leaders are reflections of them

Some if this generation of women are so ambitious and selfish. One needs to be careful working with them.