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Home Inside Nigeria

Businessman, Stephen Akpa, arrested over N500m fraud

by Enyeh Julius Akpovire
August 22, 2023
in Inside Nigeria
Businessman, Stephen Akpa, arrested over N500m fraud

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An Abuja-based businessman, Stephen Akpa (Stephen Acheme Akpa) has been re-arrested by the the Economic and Financial Crimes Commission, EFCC, for alleged N500m fraud.

The commission disclosed this in a statement by its Media and Publicity arm which was posted on its website on Monday.

According to the commission, Akpa was initially arrested on December 2, 2022, at his office located in the Idu area of Abuja following a petition accusing him of obtaining N500m under false pretences.

It added that the suspect jumped the administrative bail granted him ahead of his planned arraignment on five counts.

The commission said the suspect had since then been on the run as all efforts to arrest him proved abortive.

Tags: EFCCStephen Akpa

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