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EFCC Arraigns Businessman Over Alleged N64m Fraud in Onitsha

By Francis Wilfred

The Economic and Financial Crimes Commission (EFCC) has arraigned a 29-year-old businessman, Chizoba Emmanuel Dilo, before the Enugu State High Court sitting in Onitsha, Anambra State, over an alleged N64 million fraud.According to a statement by EFCC spokesperson Dele Oyewale, the defendant was brought before Justice S. N. Odili on a two-count charge bordering on stealing under the Criminal Code Law of Anambra State.

Dilo pleaded not guilty to the charges.Following the plea, EFCC counsel Rotimi Ajobiewe requested a trial date and asked the court to remand the defendant in a correctional facility. Defence counsel J. C. Odo, however, urged the court to grant bail, noting that an application had been filed on behalf of his client.

The prosecution opposed the bail request, alleging that the defendant had previously failed to comply with administrative bail conditions granted by the commission. After hearing both parties, Justice Odili granted bail in the sum of N10 million, with two sureties who must be residents of Onitsha and provide proof of means. The court also ordered verification of the sureties’ addresses .The defendant was remanded in custody pending the fulfilment of the bail conditions.The case was adjourned to May 26, 2026, for trial.

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