An Abuja-based businessman, Stephen Akpa has been re-arrested by the Economic and Financial Crimes Commission (EFCC) for alleged N500m fraud.
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. He however 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.
The statement read, “Akpa was first arrested by the commission on December 2, 2022, at his office in the Idu axis of Abuja, following a petition alleging that he obtained the sum of N 500, 000, 000 under false pretence.
“He was to be arraigned on a five-count charge when he jumped the administrative bail offered by the commission.
“All efforts to apprehend proved futile until August 9, 2023, when he was re-arrested.
“He will soon be arraigned in court.”
