Justice Yelim Bogoro of the Federal Prime Court docket in Lagos has ordered the freezing of a checking account related to the alleged robbery of N1.065 billion from Renmoney Microfinance Financial institution’s vault.
Justice Bogoro granted the order after making an allowance for an ex parte software by way of the Financial and Monetary Crimes Fee (EFCC), which sought to maintain the budget pending the belief of investigations and imaginable prosecution of the ones implicated within the alleged fraud.
After listening to the EFCC’s attorney, Zeenat Atiku, who sought the preservation of the budget, the pass judgement on additionally ordered the watchlisting of six Financial institution Verification Numbers (BVNs) allegedly related to the folks in the back of Yili Fu Liang Buying and selling Corporate Restricted, whose account investigators known as a beneficiary of the disputed transfers.
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The case, marked FHC/LAG/MISC/1392/2026, arose from a petition by way of Renmoney Microfinance Financial institution, which alleged that its banking software was once exploited to execute 12 unauthorised digital transfers totalling N1,065,500,000.
In a sworn statement filed in strengthen of the applying, the anti-graft company claimed that the alleged fraud happened on September 18, 2026, between roughly 4.52pm and 8pm.
The financial institution, via its legal professionals, petitioned the EFCC on September 21, alleging conspiracy and robbery by way of Yili Fu Liang Buying and selling Corporate Restricted and different individuals suspected of involvement within the transactions.
An EFCC investigator, Gbolahan Olabayo Dada, hooked up to its Financial institution Fraud Phase, mentioned initial investigations traced the disputed budget to a digital account maintained with First Town Monument Financial institution (FCMB).
The account, numbered 6700756695 and bearing the title Yili Fu Liang Buying and selling Corporate Restricted, was once allegedly related to a set account operated by way of KORA Fee Community, numbered 2007242714.
Dada mentioned that initial investigations confirmed that the gathering account won N1.065 billion in 9 tranches at the day of the alleged fraud.
He additional alleged that the suspected beneficiaries had no corresponding balances of their accounts sooner than they won the disputed budget, prompting the EFCC to hunt an order to maintain the cash and save you its dissipation.
The investigator mentioned the fee started investigating after receiving the petition and wrote to a number of banks for info. Its operatives had won and analysed the responses.
He expressed worry that the incident will not be remoted, alleging it might be a part of a coordinated scheme during which folks can have acted personally or jointly to unlawfully download, switch, obtain, cover, or convert the financial institution’s budget.
The EFCC additionally requested the court docket to watchlist six BVNs, alleging that their holders have been folks in the back of Yili Fu Liang Buying and selling Corporate Restricted.
In step with the investigator, initial tests at the BVN portal and account-opening paperwork indicated that the folks related to the corporate have been Nigerian nationals allegedly running beneath the duvet of a Chinese language corporate.
The C to okommission mentioned it had to examine the folks’ identities and actions additional and query them.
Within the ex parte software, the EFCC trusted Phase 44(2)(ok) of the 1999 Charter, as amended, Sections 26 and 28 of the EFCC Act, 2004, and the court docket’s inherent jurisdiction.
It steered the court docket to authorise freezing the account and watchlisting the BVNs pending the belief of investigations and imaginable prosecution.
Justice Bogoro granted the reliefs sought and adjourned the subject to January 19, 2027, for a record at the investigation.
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