The EFCC Economic and Financial Crime Commission’s Zonal Bureau of Lagos District has established a conviction and sentencing of a Ugenyi Kalu, who has convicted Ra Oshodi, a judge in the Special Crime Court in Ikeja, Lagos.
The criminal was a banker who was arraigned on five charges, related to formal corruption and satisfaction.
One of the charges was, the EFCC said in a statement issued today on February 18.
“You, sometime in November 2016, Ugenyi Kalu was the head of Lagos Region in Nexim Bank in Lagos, the Ministry of Justice, who received N4,000,000 (4 million) from an Obi Ogiogoh Naira’s monetary benefits. Due to loans from company Sevirg Agroallied Mills Ltd, Nexim Bank, provided. Therefore, he was guilty of a crime bordering official corruption, violating the Corruption and Other Related Crimes Act 2000 (a ) and punished under Article 8(1)(b) of the same law. 8(1)(b)
He pleaded not guilty to all charges, prompting his trial. During the trial, prosecutor’s lawyer GC Ofulue summoned six witnesses who proved his crime, two of whom were his colleagues at Nexim Bank.
Judge Ossodi, in his verdict on February 12, 2025, believes that the prosecution proved no doubt about his case and found him guilty. He was convicted on four charges and sentenced to four years and two months in prison or pay a fine of 20,850,000 n20,850,000 (855,000 naira).
