EFCC Arraigns Man over N6.2m Forex Deal in Uyo

The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC on Monday, January 25, 2021 arraigned one Inibehe Ndarake Eden before Justice F. O. Riman of the Federal High Court sitting Uyo, Akwa Ibom State.

He was arraigned on a one-count charge bordering on obtaining by false pretence to the tune of N6,200,000.00 (six million, two hundred thousand naira).
The defendant allegedly obtained the said sum from one Inime Marcus Umanah sometime in July 2017, on the pretext that he will invest it for him in forex trading.
Umanah, according to his petition dated May 17, 2019 alleged that he agreed to invest the money because of the profit sharing formula of 80% and 20% for investor and trader respectively...
...and that he will also be getting 30% of the invested capital monthly, through his trading system, Eden System-FX.
The complainant never got the promised interest and all efforts made to get back the invested sum proved abortive.
The charge reads: "That you Inibehe Ndarake Eden 'M', between August 2017 and January 2018 at Uyo within the jurisdiction of this Honourable Court with intent to defraud, did obtain the total sum of N6,200,000.00 (six million, two hundred thousand naira only)...
...from one Inime Marcus Umanah 'M' under the pretense that you will invest the said sum for him via Forex which pretense 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 2006 and punishable under Section 1 (3) of the same Act".
The defendant pleaded "not guilty" to the charge.

In view of his plea, Nwandu Ukoha, the prosecuting counsel prayed the court for a trial date and for the defendant to be remanded in the custody of the Nigerian Correctional Service.
However, Raphael Etuk, counsel to the defendant informed the court that he had "indications from the Correctional Service that they are not admitting new inmates for now".
He prayed the court to remand the defendant in the custody of the EFCC, pending the hearing of his bail application.
The court thereafter adjourned the matter until Thursday, January 28, 2021 for hearing of bail application while the defendant was remanded in the custody of the EFCC.

More from EFCC Nigeria

More from World

Watch the entire discussion if you have the time to do so. But if not, please make sure to watch Edhem Eldem summarizing ~150 years of democracy in Turkey in 6 minutes (starting on 57'). And if you can't watch it, fear not; I've transcribed it for you (as public service). Thread:


"Let me start by saying that I am a historian, I see dead people. But more seriously, I am constantly torn between the temptation to see patterns developing over time, and the fear of hasty generalizations and anachronistic comparisons. 1/n

"Nevertheless, the present situation forces me to explore the possible historical dimensions of the problem we're facing today. 2/n

"(...)I intend to go further back in time and widen the angle in order to focus on the confusion I  believe exists between the notions of 'state', 'government', and 'public institutions' in Turkey. 3/n

"In the summer of 1876, that's a historical quote, as Midhat Pasa was trying to draft a constitution, Edhem Pasa wrote to Saffet Pasa, and I quote in Turkish, 'Bize Konstitusyon degil enstitusyon lazim' ('It is not a constitution we need but institutions'). 4/n

You May Also Like

IMPORTANCE, ADVANTAGES AND CHARACTERISTICS OF BHAGWAT PURAN

It was Ved Vyas who edited the eighteen thousand shlokas of Bhagwat. This book destroys all your sins. It has twelve parts which are like kalpvraksh.

In the first skandh, the importance of Vedvyas


and characters of Pandavas are described by the dialogues between Suutji and Shaunakji. Then there is the story of Parikshit.
Next there is a Brahm Narad dialogue describing the avtaar of Bhagwan. Then the characteristics of Puraan are mentioned.

It also discusses the evolution of universe.(
https://t.co/2aK1AZSC79 )

Next is the portrayal of Vidur and his dialogue with Maitreyji. Then there is a mention of Creation of universe by Brahma and the preachings of Sankhya by Kapil Muni.


In the next section we find the portrayal of Sati, Dhruv, Pruthu, and the story of ancient King, Bahirshi.
In the next section we find the character of King Priyavrat and his sons, different types of loks in this universe, and description of Narak. ( https://t.co/gmDTkLktKS )


In the sixth part we find the portrayal of Ajaamil ( https://t.co/LdVSSNspa2 ), Daksh and the birth of Marudgans( https://t.co/tecNidVckj )

In the seventh section we find the story of Prahlad and the description of Varnashram dharma. This section is based on karma vaasna.