Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    BEAT- Audiera Gains 24% in 24Hours Ahead of Major Token Unlock

    July 27, 2026

    South African Rand Firmer on Improved Global Risk Sentiment

    July 27, 2026

    Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%

    July 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • BEAT- Audiera Gains 24% in 24Hours Ahead of Major Token Unlock
    • South African Rand Firmer on Improved Global Risk Sentiment
    • Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%
    • Ethereum Price Races Towards $2K on Huge ETH Staking
    • NGX Group Declares N1.30 Interim Dividend
    • Interbank Rates Diverge as Financial System Liquidity Declines
    • FCMB Gains 11% as Group Hints at H1 2026 Earnings, Incentive Plan
    • FirstHoldco Jumps 25% on Post-Earnings Momentum, Firm Cuts TP
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, July 27
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Alleged N4bn Fraud: Court Adjourns Ex-Governor Obiano’s Trial Indefinitely

    Alleged N4bn Fraud: Court Adjourns Ex-Governor Obiano’s Trial Indefinitely

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiNovember 25, 2025Updated:November 25, 2025 News No Comments2 Mins Read
    Alleged N4bn Fraud: Court Adjourns Ex-Governor Obiano’s Trial Indefinitely
    Willie Obiano, Ex-Gov, Anambra State
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Alleged N4bn Fraud: Court Adjourns Ex-Governor Obiano’s Trial Indefinitely

    The Federal High Court, Abuja, on Tuesday, adjourned the trial of former Anambra Governor Willie Obiano over alleged ₦4 billion fraud indefinitely.

    This followed an application by the prosecuting agency, the Economic and Financial Crimes Commission (EFCC) that the matter be adjourned sine die. (Indefinitely)

    When the case was called before Justice Mohammed Umar, the prosecuting counsel Mr S.O. Obila informed the court that, the matter was coming up before the judge for the first time.

    He, however, said that he had instruction from the lead prosecuting counsel to ask the court to adjourn the matter sine die.

    “In the light of this, I have the instruction of the lead prosecuting counsel in this case, Mr Sylvanus Tahir, SAN to apply to the Chief Judge that since we had called nine witnesses before the previous judge, Justice Inyang Ekwo, we should wait for him to return and conclude the matter,” he said.

    He therefore prayed the court to adjourn the matter “sine die”.

    Responding, counsel to Obiano, Mr Onyeachi Ikpeazu, SAN said that he was not opposing the application for adjournment since the prosecutor explained to him the difficulty his team had in getting the nine witnesses who had already testified.

    The trial Judge, Justice Mohammed Umar subsequently adjourned the matter sine die. Obiano, who was governor of Anambra from March 2014 to March 2022, was arraigned by the EFCC on Jan. 24, 2024, on a nine-count money laundering charge.

    The anti-graft agency alleged that he misappropriated over ₦4 billion from the state’s security vote account, diverting funds into private entities and converting some into foreign currency.

    In April 2024, Justice Ekwo refused to quash the case, ruling that the court had jurisdiction and that a prima facie case had been established against him.

    Nine witnesses have so far testified in the trial, including a Bureau de Change (BDC) operator who claimed he received about ₦416 million over eight months from the state’s security vote account.

    The case was stalled, in part, because of Justice Ekwo’s suspension by the National Judicial Council. UK, Canada, Australia Unveil Joint Campaign Against Visa Fraud

    Anambra Obiano
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    BEAT- Audiera Gains 24% in 24Hours Ahead of Major Token Unlock

    South African Rand Firmer on Improved Global Risk Sentiment

    Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%

    Ethereum Price Races Towards $2K on Huge ETH Staking

    NGX Group Declares N1.30 Interim Dividend

    Interbank Rates Diverge as Financial System Liquidity Declines

    Add A Comment

    Comments are closed.

    Editors Picks

    BEAT- Audiera Gains 24% in 24Hours Ahead of Major Token Unlock

    July 27, 2026

    South African Rand Firmer on Improved Global Risk Sentiment

    July 27, 2026

    Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%

    July 27, 2026

    Ethereum Price Races Towards $2K on Huge ETH Staking

    July 27, 2026

    NGX Group Declares N1.30 Interim Dividend

    July 27, 2026
    Latest Posts

    BEAT- Audiera Gains 24% in 24Hours Ahead of Major Token Unlock

    July 27, 2026

    South African Rand Firmer on Improved Global Risk Sentiment

    July 27, 2026

    Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%

    July 27, 2026

    Ethereum Price Races Towards $2K on Huge ETH Staking

    July 27, 2026

    NGX Group Declares N1.30 Interim Dividend

    July 27, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.