The Economic and Financial Crimes Commission (EFCC) has arraigned Ene Queen Bamaiyi before Justice A.A. Halilu of the Federal Capital Territory High Court, Apo, Abuja, over an alleged N240.5 million foreign exchange fraud.
Bamaiyi is accused of dishonestly converting N124 million out of N240.5 million entrusted to her by one Bright Okubo for dollar exchange.
The anti-graft agency charged her with criminal breach of trust, an offence contrary to Section 311 of the Penal Code and punishable under Section 312.
She pleaded not guilty when the charge was read in court. EFCC counsel, Joshua Saidi, disclosed plans to call five witnesses, while her lawyer, M.A. Attah (SAN), applied for bail, citing her status as a single mother of a two-year-old.
Justice Halilu granted bail in the sum of N30 million with two sureties in like sum, each not below Grade Level 14 in the civil service.
He also ordered her to deposit her passport with the EFCC and remain at Suleja Correctional Centre until the bail terms are met.
The case was adjourned to December 2 and 3, 2025, for trial.
