• About us
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 2, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home News

Lawyer Faces  Six-Count Charge Bordering on Obtaining Money by False Pretence

Admin by Admin
February 20, 2025
in News
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on Whatsapp

By Nkechi Eze

The Economic and Financial Crimes Commission, EFCC, Uyo Zonal Directorate, on Wednesday, February 12, 2025, arraigned a legal practitioner Barrister Alexander Uchenna Ozougwu before Justice Sergius Onah of the Federal High Court sitting in Uyo, Akwa Ibom State, for allegedly defrauding his victims to the tune of N1, 323, 850. 000. 00 (One Billion, Three Hundred and Twenty Three Million, Eight Hundred and Fifty Thousand Naira) through a bogus foreign exchange investment scheme. 

A statement signed and made available by Dele Oyewale, the commission’s spokesperson disclosed he was arraigned on six –count charges bordering on obtaining money by false pretence in contravention of  provisions of Section 18(2)(d) of the Money laundering (Prevention and Prohibition) Act 2022.

Count one of the charges against him reads;

“That you Alexander Uchenna Ozogwu sometime in September 2024 in Nigeria, within the jurisdiction of this Honorable Court, did take possession of the total sum of Two Hundred and Sixty Eight Million, Eight Hundred and Fifty Thousand Naira Only (-N=268,850,000) through a bank account with account name- STARLIGHT ATTORNEYS which you knew formed proceeds of an unlawful act to wit: obtaining money by false pretence and thereby committed an offence contrary to Section 18(2)(d) of the Money laundering (Prevention and Prohibition) Act 2022 and punishable under Section 18(3) of the same Act’.

Count two reads, “That you Alexander Uchenna 0zougwu sometime in July, 2024 in Nigeria, within the jurisdiction of this Honorable Court, did take possession of the total sum of Two Hundred and Thirteen Million Naira Only (=N=213,000,000) through a bank account with account name- STARLIGHT ATTORNEYS which you knew formed proceeds of an unlawful act to wit: obtaining money by false pretence and thereby committed an offence contrary to Section 18(2)(d) of the money laundering (Prevention and Prohibition) Act 2022 and punishable under Section 18(3) of the same Act’.

According to Dele, the defendant pleaded not guilty to the charges when they were read to him, and in view of his plea, prosecution counsel, Joshua O. Abolarin prayed the court to remand the defendant at a Correctional Centre and fix a date for trial, but the defence counsel  C. M.Onuchukwu  quickly informed the  court of a bail application which he said was filed on self- recognizance for the defendant and also assured the court that he shall make himself available for trial.

After listening to both counsels, Justice Onah granted bail in the sum of N500, 000, 000.00(Five Hundred Million Naira only) with two sureties in like sum. The sureties must be civil servants of grade level 12 and above, and must have landed properties within the jurisdiction of the court. The court also ordered the defendant to deposit his international passport and two recent passport photographs with the court. 

Ozougwu was docked on the claims of four petitioners that alleged that he presented himself as a registered bureau de change operator with the Central Bank of Nigeria through which he earned their trust and collected the passwords to their betting accounts and promising that he was going to help them fund their accounts, but ended up diverting their funds. 

Investigation into the allegations revealed that the defendant was operating a ponzi scheme under the guise of exchanging dollars for his victims and channelling most of the funds to various betting platforms.  A total of N1, 323, 850. 000. 00 was discovered to have been diverted from the accounts of the petitioners.

The judge adjourned the matter to March 31, 2025 for trial.

ShareTweetSend
Previous Post

Nigerian Police Force Collaborates with UNDP and GS Foundation for Advanced Facilitators Training Programme

Next Post

ICPC set to Launch Anti-Corruption Programme For Local Governments

Admin

Admin

Related Posts

Dabiri-Erewa Applauds CBN, Diasporans as Remittances Triple to $600m Monthly
News

Dabiri-Erewa Applauds CBN, Diasporans as Remittances Triple to $600m Monthly

September 1, 2025
First Lady, Women Affairs Minister Empower Women Farmers at Agro-Value Chain Workshop
News

First Lady, Women Affairs Minister Empower Women Farmers at Agro-Value Chain Workshop

September 1, 2025
ICPC Chairman Seeks Judicial Reforms, Stronger Collaboration with National Judicial Institute in Anti-Corruption Battle
News

ICPC Chairman Seeks Judicial Reforms, Stronger Collaboration with National Judicial Institute in Anti-Corruption Battle

August 31, 2025
Next Post

ICPC set to Launch Anti-Corruption Programme For Local Governments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

Former IGP Solomon Arase Dies at 69

Former IGP Solomon Arase Dies at 69

August 31, 2025
Air Chief Strengthens Defence Ties in China, Inspects Advanced Aerospace Facilities

Air Chief Strengthens Defence Ties in China, Inspects Advanced Aerospace Facilities

August 31, 2025
  • Trending
  • Comments
  • Latest
Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

August 26, 2025
NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

June 24, 2025
FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

August 15, 2025

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
Former IGP Solomon Arase Dies at 69

Former IGP Solomon Arase Dies at 69

August 31, 2025
Air Chief Strengthens Defence Ties in China, Inspects Advanced Aerospace Facilities

Air Chief Strengthens Defence Ties in China, Inspects Advanced Aerospace Facilities

August 31, 2025
ICPC Chairman Seeks Judicial Reforms, Stronger Collaboration with National Judicial Institute in Anti-Corruption Battle

ICPC Chairman Seeks Judicial Reforms, Stronger Collaboration with National Judicial Institute in Anti-Corruption Battle

August 31, 2025
NDLEA Destroys 178,000kg Cannabis in Taraba Forest, Arrests 75-Year-Old Grandpa, Intercepts Millions of Opioid Pills Nationwide

NDLEA Destroys 178,000kg Cannabis in Taraba Forest, Arrests 75-Year-Old Grandpa, Intercepts Millions of Opioid Pills Nationwide

August 31, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In