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Fraud

Jun 8, 2025

FRN vs Uno Michael Eke (President/Chief Executive Officer of Micheno Multi-Purpose Cooperative Society)

Humans

Uno Michael Eke

Money bag

N2 billion
Amount allegedly defrauded

Money bag

Case Summary
The Defendant allegedly defrauded his victims through an alleged Ponzi scheme by inducing his victims to invest in his Swiss golden packages through his company, Micheno Multi-Purpose Cooperative Society, under the false pretense of paying them an 80 percent return on investment within just 40 days.

Calendar

2,092
Day(s) case tried in court

Gavel

Case Update
The defendant pleaded guilty to the amended charge and was subsequently convicted and sentenced to a one-year prison term with an option of paying a fine of N2 million. The court further ordered the convict to forfeit all assets recovered from him to the Federal Government, including twelve 2-bedroom flats located along Goodluck Jonathan Bypass, Calabar; two plots of land in Adiabo Ikot Mboout Community, Odukpani Local Government Area, Cross River State; two plots of land in Akai Effa, Calabar Municipality, Cross River State; eighteen self-contained flats (storey building) located beside the University of Calabar, Ita-Agbor, Calabar; and N10 million in cash recovered during the investigation. Furthermore, the court ordered that all recovered funds be restituted to the victims of the fraud.

Court house

Hon. Justice Rosemary O. Dugbo Oghoghorie
Federal High Court, Calabar, Cross-River

Legislation

ACJA/ACJL Compliance - violated

Case Information
Uno Michael Eke
Presiding Judge & Designated Court
Hon. Justice Rosemary O. Dugbo Oghoghorie, Federal High Court, Calabar, Cross-River
Nature and Number of Charges
74-count charge bordering on fraud and obtaining money under false pretense.
Date of 1st Arraignment
Jun 3, 2019
Summary of Case
The Defendant allegedly defrauded his victims through an alleged Ponzi scheme by inducing his victims to invest in his Swiss golden packages through his company, Micheno Multi-Purpose Cooperative Society, under the false pretense of paying them an 80 percent return on investment within just 40 days.
Defendant(s) and Plea entered on Arraignment
1. Uno Michael Eke (President/Chief Executive Officer of Micheno Multi-Purpose Cooperative Society) – Not guilty
Defence Counsel(s)
No defence counsel
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. T. N. Ndifon (Lawyer)
Status of Case
Decided
Decision
Convicted
Length of Trial
2,092 day(s)
ACJA/ACJL Compliance
Violated
Court Decision
The defendant pleaded guilty to the amended charge and was subsequently convicted and sentenced to a one-year prison term with an option of paying a fine of N2 million. The court further ordered the convict to forfeit all assets recovered from him to the Federal Government, including twelve 2-bedroom flats located along Goodluck Jonathan Bypass, Calabar; two plots of land in Adiabo Ikot Mboout Community, Odukpani Local Government Area, Cross River State; two plots of land in Akai Effa, Calabar Municipality, Cross River State; eighteen self-contained flats (storey building) located beside the University of Calabar, Ita-Agbor, Calabar; and N10 million in cash recovered during the investigation. Furthermore, the court ordered that all recovered funds be restituted to the victims of the fraud.