Court docket Grants Mercy Chinwo’s Ex-Supervisor EeZeeTee N20m Bail Over Alleged Foreign exchange Fraud

The Federal Excessive Court docket sitting in Lagos has granted bail to gospel music producer and former supervisor of famend artist Mercy Chinwo, Ezekiel Onyedikachi, popularly generally known as EeZeeTee, within the sum of N20 million over an alleged $255,000 international change fraud.

Presiding Decide, Justice Chukwujekwu Aneke, issued the ruling on Friday, ordering that EeZeeTee should produce one surety who resides in Lagos and owns property valued on the bail quantity. The defendant was given 72 hours to satisfy the bail circumstances.

The {Economic} and {Financial} Crimes Fee (EFCC) had earlier filed a 14-count cost in opposition to EeZeeTee, which was later amended to seven counts, accusing him of participating in unauthorized international change dealings.

EFCC counsel, Bilikisu Buhari-Bala, advised the courtroom that in June 2023, EeZeeTee carried out a international change transaction value $52,895 with one Mr. Oladotun Olaobaju Mureke with out approval from the Central {Bank} of Nigeria (CBN). This, she mentioned, contravened Sections 5 and 29(1)(c) of the International Change (Monitoring and Miscellaneous Provisions) Act, Cap F34, Legal guidelines of the Federation of Nigeria, 2004, and is punishable below Part 29(2) of the identical Act.

EeZeeTee pleaded not responsible to all prices. The matter has been adjourned to June 20, 2025, for the graduation of trial.