The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, Ikoyi, on Tuesday, 20 October 2026, arraigned Abraham Idowu Abiara before Justice Ismail Ijelu of the Lagos State High Court sitting in Ikeja. The charge relates to an alleged fraud involving $626,282 (six hundred and twenty six thousand, two hundred and eighty two United States dollars).
Abiara faces a single count of stealing and dishonest conversion of funds.
The count reads: “That you, Abraham Idowu Abiara on about the 2nd of September 2015, in Lagos, within the jurisdiction of this Honourable Court dishonestly converted to your own use the aggregate sum of $626,282 (six hundred and twenty six thousand, two hundred and eighty two United States dollars) and thereby committed an offence contrary to Section 280(2) and punishable under Section 287 of the Criminal Law of Lagos State 2015.”
The defendant pleaded not guilty when the charge was read to him.
Following the plea, prosecution counsel C.C. Okezie asked the court to remand the defendant in a correctional facility and to fix a date for trial.
Justice Ijelu adjourned the matter to 26 October 2026 for the hearing of the bail application and for the trial to commence.
By A.Ikechukwu
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