May 09, (THEWILL) – A Federal High Court in Lagos has granted Ezekiel Onyedikachi, the Chief Executive Officer of EeZee Global Concept Ltd, better known as EeZeeTee, a N20 million bail.
The Economic and Financial Crimes Commission (EFCC) arraigned the music executive on Wednesday on an amended seven-count charge of fraud involving $255,000 in alleged forex transaction fraud. The Commission accused EeZeeTee of engaging in foreign exchange transactions without a licence.
“That you, Ezekiel Onyedikachi and EeZee Global Concept Ltd, sometime in June 2023 in Lagos, within the jurisdiction of this Honourable Court, not being an authorised buyer of foreign currency appointed by the Central Bank of Nigeria under Section 5(1) of the Foreign Exchange Monitoring and Miscellaneous Provisions Act, CAP F34 LFN 2004, negotiated a foreign exchange transaction to wit: the naira equivalent of the sum of $52,895 with Mr Oladotun Olaobaju Mureke”, the anti-graft agency alleged in one of the counts.
Justice Chukwujekwu Aneke on Wednesday adjourned ruling on his bail application after EeZee pleaded not guilty to the charges upon arraignment.
Ruling on the bail on Friday, Justice Aneke admitted EeZeeTee on N20m bail with one surety who must reside in Lagos and own property worth the bail sum.
The judge, who had previously released EeZeeTee to his lawyer, Mr Ojukwu Chikaosolu, gave him 72 hours to meet the bail condition.
The case has been adjourned to June 20, 2025, for trial.
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