IKEJA, LAGOS – A former employee of Access Bank Plc, Chinonso Akujobi, has been arraigned by the Economic and Financial Crimes Commission (EFCC) over the alleged theft of N294.5 million from the bank.
Akujobi was brought before Justice I.O. Ijelu of the Lagos State High Court sitting in Ikeja on Thursday by the Lagos Zonal Directorate 2 of the EFCC on a five-count charge bordering on alleged stealing and fraudulent conversion of bank funds.
The anti-graft agency alleged that the defendant, while serving as a staff member of the bank, unlawfully transferred funds from the bank's general ledger into personal accounts, leading to a cumulative loss of N294,595,992.
According to the EFCC, one of the charges stated that between January and December 2025, Akujobi allegedly diverted N109,325,566.86 through unauthorised payments from the bank's general ledger into Access Bank accounts bearing the names Chinonso A., Uchechi A., and Florence A.
The Commission told the court that the alleged actions contravened Sections 280 and 287 of the Criminal Law of Lagos State, 2015.
When the charges were read, the defendant pleaded not guilty.
Following the plea, prosecution counsel, S.M. Yabo, urged the court to remand the defendant in a correctional facility and fix a date for the commencement of trial.
Justice Ijelu subsequently adjourned the case until October 8, 2026, for the hearing of the bail application and the commencement of trial.
The court also ordered that Akujobi be remanded at the Ikoyi Correctional Centre pending further proceedings.
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