The Enugu Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on Thursday, November 13, 2025, arraigned Obinna Nwaobi, former Head of Operations at Access Bank Nigeria Plc, Enugu branch, before Justice F. O. Giwa-Ogunbanjo of the Federal High Court, Independence Layout, Enugu.
Nwaobi faces nine counts of forgery and criminal diversion of $510,000 belonging to customer Lantern Gate Nigeria Limited.One charge alleges that on August 8, 2024, he induced the bank to transfer the funds under false pretense of customer consent, violating the Advance Fee Fraud Act.
Another accuses him of forging a Domestic Fund Transfer Form dated August 28, 2024.He pleaded not guilty.Defense counsel F. C. Obinna moved a bail application filed October 24, 2025.
EFCC prosecutor Mainforce Adaka Ekwu opposed it, citing flight risk due to strong evidence.
The court granted bail at ₦250 million with three sureties: two with verifiable landed property in Enugu (titles deposited), and one relative with three years’ tax clearance.
All must submit two passport photos; Nwaobi surrenders his international passport and NIN.Trial is set for March 10–12, 2026. Nwaobi was remanded at Enugu Correctional Centre.
The case began with a September 11, 2024, petition from Access Bank reporting unauthorized transfers from Lantern Gate’s account (No. 0761770127) to six others, orchestrated by Nwaobi without customer approval.
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