• About
  • Contact
  • Advertise
  • Privacy Policy
  • Terms Of Use
Monday, June 23, 2025
No Result
View All Result
Converseer
  • Home
  • News
    • General News
    • Education
    • Business
    • Security
    • Entertainment
    • Lifestyle
    • Tourism
  • Politics
  • Metro
  • Jobs
  • Sports
  • Health
  • Tech
  • More
    • Science & Nature
    • Agriculture
    • Opinion
    • Feature
    • Fact Check
    • History
    • Profile & Biography
    • Special Reports
  • Home
  • News
    • General News
    • Education
    • Business
    • Security
    • Entertainment
    • Lifestyle
    • Tourism
  • Politics
  • Metro
  • Jobs
  • Sports
  • Health
  • Tech
  • More
    • Science & Nature
    • Agriculture
    • Opinion
    • Feature
    • Fact Check
    • History
    • Profile & Biography
    • Special Reports
No Result
View All Result
Converseer
No Result
View All Result
Home News

Former Abia governor, son, officials arraigned over alleged N60.85bn fraud

by Editorial Team
2 March 2025
in News

The Abia State High Court in Umuahia was a scene of high stakes and legal drama on Friday as former Abia State Governor, Theodore Orji, his son Chinedum Orji, and three others were arraigned on a 16-count charge brought against them by the Economic and Financial Crimes Commission (EFCC).

They were accused of misappropriation and conversion of a staggering ₦47 billion meant for state development.

For a state that has long battled issues of underdevelopment and unmet promises, this case hits close to home. It’s not just numbers on a legal document — it’s money meant for security, infrastructure, and the growth of small businesses. Money that, if proven to have been diverted, represents dreams deferred and lives put on hold.

The courtroom was packed — journalists, legal observers, and concerned citizens filled every available seat as the Chief Judge of Abia State, Justice Lilian Abai, presided over the session. The EFCC’s lead prosecution counsel, Prof. Kemi Pinheiro (SAN), wasted no time requesting that the 16-count charge be read aloud, laying bare the gravity of the accusations.

The charges painted a sobering picture:

  • ₦22.5bn allegedly misappropriated from Abia State’s security vote between 2011 and 2015.
  • ₦13bn allegedly stolen from a loan facility granted by the now-defunct Diamond Bank.
  • ₦12bn reportedly diverted from the Paris Club refund, intended to ease financial burdens on the state.
  • ₦10.5bn allegedly converted from a First Bank loan meant for the state and its local governments.
  • ₦2bn reportedly siphoned from Central Bank of Nigeria (CBN) funds designated for small and medium enterprises.

The defendants — including Dr. Philip Nto, a former Commissioner of Finance; Obioma King, a government contractor; and Romas Madu, a former Director of Finance pleaded not guilty to the accused.

In a show of legal firepower, the defence team included some of the country’s most respected senior advocates: Bode Olanipekun (SAN), Chikaosulu Ojukwu (SAN), K.I. Oleh, Okey Amechi (SAN), and Isaac Anya. They filed immediate bail applications for their clients, which went unopposed by the EFCC’s lead counsel.

After a brief stand-down, Justice Abai granted the defendants bail though the specific conditions of their release were left to the court’s discretion. The matter was then adjourned until June 18 and 19, 2025, setting the stage for what promises to be a landmark trial.

Source: Ripples

Tags: General News
ShareSendTweetShare

Related News

Iran threatens to unleash attacks on sleeper cells inside United States

Iran threatens to unleash attacks on sleeper cells inside United States

23 June 2025
Walson-Jack leads Civil Servants in Thanksgiving, urges renewed commitment to nation-building

Walson-Jack leads Civil Servants in Thanksgiving, urges renewed commitment to nation-building

22 June 2025
Christians, non-Christians urged to operate under one flock

Christians, non-Christians urged to operate under one flock

17 June 2025
Otu tasks newly sworn-in NYSC members on laudable community projects

More female graduates assume NYSC camp in Cross River

15 June 2025

Latest News

Iran’s FM Araqchi to hold talks with Putin

Iran threatens to unleash attacks on sleeper cells inside United States

Church deacon runs over shooter with Ford F-150 truck in Michigan

Walson-Jack leads Civil Servants in Thanksgiving, urges renewed commitment to nation-building

Lone survivor of police shooting abandoned in Calabar

Ohanaeze Ndigbo: Chief Egwuonwu emerges president in Cross River

About Us

Converseer is an online newspaper that delivers impartial, comprehensive news coverage on politics, business, and education, among other topics. Our goal is to bridge the information gap and promote progress across various sectors of society.

Social Media

  • Facebook
  • WhatsApp
  • X (Twitter)
  • YouTube

Coverage

  • Africa
  • Americas
  • Asia
  • Europe
  • Middle East

Topics

  • Special Reports
  • Fact Check
  • Feature
  • Opinion
  • History
  • About
  • Contact
  • Advertise
  • Privacy Policy
  • Terms Of Use

© 2025 Converseer - All Rights Reserved. Paradise Media Venture.

No Result
View All Result
  • Home
  • News
    • General News
    • Education
    • Business
    • Security
    • Entertainment
    • Lifestyle
    • Tourism
  • Politics
  • Metro
  • Jobs
  • Sports
  • Health
  • Tech
  • More
    • Science & Nature
    • Agriculture
    • Opinion
    • Feature
    • Fact Check
    • History
    • Profile & Biography
    • Special Reports

© 2025 Converseer - All Rights Reserved. Paradise Media Venture.