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Fraud

Jun 12, 2025

FRN vs Nze Chidi Duru

Humans

Nze Chidi Duru

Money bag

N16,200,000.00
Amount allegedly defrauded

Money bag

Case Summary
The accused allegedly diverted the money to pay for land allocations from Lagos State Government in favour of Grand Towers Plc and MVJJDA Africa Limited, companies he allegedly have interests.

Calendar

77
Day(s) case tried in court

Gavel

Case Update
The trial judge found that the charges were predicated, connected with and related to the Director General of National Pension Commission (PenCom) Target Examination on First Guarantee Pension Limited which had been previously nullified, voided and vitiated by a court of competent jurisdiction. The judge also found that the EFCC had earlier withdrawn a similar charge in a Lagos High Court with a clear statement that there was nothing criminal against Duru.

Court house

Hon. Justice P. O. Affen
FCT High Court, Maitama, Abuja

Legislation

ACJA/ACJL Compliance - violated

Case Information
Nze Chidi Duru
Presiding Judge & Designated Court
Hon. Justice P. O. Affen, FCT High Court, Maitama, Abuja
Nature and Number of Charges
4-count charge of criminal breach of trust
Date of 1st Arraignment
Feb 7, 2017
Summary of Case
The accused allegedly diverted the money to pay for land allocations from Lagos State Government in favour of Grand Towers Plc and MVJJDA Africa Limited, companies he allegedly have interests.
Defendant(s) and Plea entered on Arraignment
1. Nze Chidi Duru (Former Vice Chairman of First Guarantee Pension Limited) – Not guilty
Defence Counsel(s)
1. Abdul Mohammed (Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Sylvanus Tahir (Lawyer)
Status of Case
Decided
Decision
Discharged
Length of Trial
77 day(s)
ACJA/ACJL Compliance
Violated
Court Decision
The trial judge found that the charges were predicated, connected with and related to the Director General of National Pension Commission (PenCom) Target Examination on First Guarantee Pension Limited which had been previously nullified, voided and vitiated by a court of competent jurisdiction. The judge also found that the EFCC had earlier withdrawn a similar charge in a Lagos High Court with a clear statement that there was nothing criminal against Duru.