The Economic and Financial Crimes Commission (EFCC) on Monday, May 11, 2026, arraigned Ugochukwu Daniel Ifeanachor before Justice J.O. Abdulmalik of the Federal High Court, Maitama, Abuja, over alleged fraud involving N20 million.
Ifeanachor is facing a two-count charge bordering on obtaining money by false pretence, advance fee fraud, and money laundering.
One of the charges reads: “That you Ugochukwu Daniel Ifeanachor, sometime in 2025 at Abuja within the jurisdiction of this Honourable court, with intent to defraud, obtained from one Mr. Ezekwuche Chinedu Paul, the sum of N20,000,000.00 (Twenty Million Naira Only) under the pretence that the money is committed and for the purchase of 55 pieces all-in-one desktop computer system, a pretence you knew to be false and thereby committed an offence, contrary to Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act No.14 of 2006 and punishable under Section 1(3) of the same Act.”
The second count states: “That you Ugochukwu Daniel Ifeanachor, sometime in 2025 at Abuja State, within the jurisdiction of this Honourable court, directly used the sum of N20,000,000.00 (Twenty Million Naira) in your Access Bank account bearing account name Daniel Ugochukwu Ifeanachor with account number 0095073052 which you knew to be proceeds of an unlawful act to wit: obtaining under 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.”
He pleaded “not guilty” to the charges.
Following his plea, prosecution counsel Joyce Audu requested a trial date.
Justice Abdulmalik adjourned the case till July 6, 2026, and ordered that the defendant be remanded at the Kuje Correctional Centre pending trial.
