EFCC Arraigns Suspected Fake BDC Operator Over Alleged ₦78.2 Million Fraud in Onitsha
By Erewunmi Peace
The Economic and Financial Crimes Commission (EFCC) has arraigned a suspected fake Bureau De Change (BDC) operator before an Anambra State High Court in Onitsha over an alleged ₦78.2 million fraud case.
According to the anti-graft agency, the defendant was brought before the court on charges bordering on alleged fraud, forgery, and stealing linked to a foreign exchange transaction.
The EFCC alleged that the suspect received millions of naira from a businessman under the pretense of facilitating an international money transfer to a business associate abroad.
Investigators further claimed that part of the funds was allegedly diverted for personal use, while fake transfer documents were reportedly presented during the transaction process.
The defendant pleaded not guilty to the charges when they were read in court.
Following the arraignment, the court adjourned the matter to a later date for continuation of trial and hearing of related applications.
The EFCC stated that investigations into the case formed part of its ongoing efforts to tackle financial crimes and fraudulent foreign exchange activities across the country.
As the legal process continues, the agency reiterated that the suspect remains innocent until proven guilty by the court.
