Justice F. O. Riman of the Federal High Court sitting in Uyo, Akwa Ibom State, on Monday ordered the remand of one Inibehe Eden over a forex deal worth N6.2m.

According to the EFCC, Eden collected the sum from one Inime Umanah in July 2017, under the pretext of helping him to invest in forex. The complainant was said to have agreed to the deal with a profit-sharing formula of 80 to 20 per cent for investor and trader, respectively.

Umanah, according to the arrangement, was also to get 30 per cent of the invested capital monthly through the suspect’s trading system, Eden System-FX.

However, the complainant never got the promised interest and efforts to get back the invested sum proved abortive. Eden was arraigned on one count of obtaining by false pretences.

He pleaded not guilty to the charges. Following his plea, the prosecuting counsel, Nwandu Ukoha, asked the court to remand the defendant in a correctional facility. Justice Riman adjourned the matter until January 28, 2021, for the hearing of the bail application and ordered that the defendant be remanded in the custody of the EFCC.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: