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Court Jails Banker For Receiving N4m Bribe In Lagos

by Nafisat Abdulrahman
6 months ago
in Crime
lagos
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The Economic and Financial Crimes Commission (EFCC) has secured the conviction of Ugenyi Kalu, a former banker, for fraud.

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The Special Offences Court sitting in Ikeja, Lagos, sentenced Kalu to four years and two months in prison.

The ruling was delivered by trial judge, Justice Rahman Oshodi.

Kalu, who served as the Head of the Lagos Region at the Nigerian Export-Import Bank (NEXIM), was found guilty on four counts of official corruption and gratification. He was convicted of receiving a N4 million bribe from one Obi Ogoh in connection with a loan granted to Sevirg AgroAllied Mills Ltd by NEXIM Bank.

According to a statement posted on the EFCC’s official X handle on Tuesday, Kalu’s actions violated Section 8(1)(a) of the Corrupt Practices and Other Related Offences Act, 2000, which criminalises the receipt of gratification by a public official.

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The anti-graft agency arraigned Kalu on a five-count charge, to which he pleaded not guilty, prompting a full trial. During the proceedings, EFCC prosecutor, G.C. Ofulue, presented six witnesses, including two of Kalu’s former colleagues at NEXIM Bank, who testified against him.

Delivering the judgement on February 12, 2025, Justice Oshodi ruled that the prosecution had proven its case beyond reasonable doubt. “The evidence presented in court establishes beyond doubt that the defendant engaged in corrupt practices,” the judge declared.

Kalu was sentenced to four years and two months imprisonment. However, the court ruled that he could alternatively pay a fine of N20.85million.


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Tags: Economic and Financial Crimes Commission (EFCC)
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Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

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