The Economic and Financial Crimes Commission (EFCC) in the Enugu Zonal Command has brought charges against Judith Nneka Nwagwu, an employee of the United Bank for Africa,UBA, before Justice D.A. Onyefulu of the Anambra State High Court in Onitsha. Nwagwu is facing seven counts of forgery and obtaining by false pretence, amounting to N452,047,000.

It is alleged that Nwagwu deceitfully acquired N192,000,000 from a client, whom she served as an account officer. She claimed the bank had $400,000 available for sale at a rate of N480 per dollar.

Furthermore, her employers submitted a petition, asserting that she forged two fixed deposit certificates and dishonestly obtained N260,047,000 from a customer, feigning that she would invest the money for him.

Count 6 of the charges states, “That you Judith Nneka Nwagwu, while being an employee of the United Bank of Africa Plc Onitsha Branch, sometime in 2021 within the jurisdiction of this court did make a false document titled “Malaexchio Global Limited with the value of N141,347,289,25 knowing same to be false and with intent that it may be acted upon as genuine to the prejudice of Anthony Unigwe and United Bank For Africa Plc and you committed an offence contrary to Section 436 of the Criminal Code Law, Cap 36, Anambra and punishable under Section 444(3)(h) of the same law”.

Upon hearing the charges, Nwagwu pleaded not guilty, prompting the prosecution counsel, Michal Ani, to request a trial date.


Justice Onyefulu granted her bail in the sum of N10 million, with a surety required to match the bail amount and must reside within the court’s jurisdiction.

The trial has been scheduled for May 11, 26, and June 8, 2022.

By Admin

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