FCMB Administrator and Ex-Staff Remanded in Cyber Fraud

A Federal High Court in Lagos has ordered the remand of Gideon Bakpa Aghogho, a Service Administrator with First City Monument Bank (FCMB) Plc, and Oscar Ebere Chukwuebuka, a former employee, following their arraignment by the Economic and Financial Crimes Commission (EFCC) for an alleged $25,000 cyber fraud. Justice Friday Ogazi mandated their remand at a facility of the Nigerian Correctional Service (NCoS) after they faced charges of conspiracy, cybercrime, and money laundering.

The EFCC's Prosecuting Counsel, Bilikisu Buhari-Bala, stated that the offences occurred between July 24 and July 26, 2026. Aghogho allegedly provided his local Administrative Credential access code to Chukwuebuka, facilitating unauthorized access to FCMB’s Virtual Centre Platform, resulting in the theft of $25,000.

Aghogho reportedly received $2,000 for his role, while Chukwuebuka received $400. Aghogho pleaded not guilty, whereas Chukwuebuka entered a guilty plea.

The court adjourned the case to August 27, 2026, for a review of the facts regarding Chukwuebuka’s plea.