Forex Fraud: Fake Trader Arraigned in Lagos for Defrauding Millions

Lagos court arraigns fake forex trader for defrauding over N1 billion and foreign currencies, highlighting financial crime crackdown.

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Bassey Ikpi, a 39-year-old man, was arraigned before the Lagos State Chief Magistrate Court for allegedly defrauding several individuals and companies of significant sums under the guise of forex trading. 

Facing charges of conspiracy, fraud, and obtaining money by false pretenses, Ikpi is accused of deceiving victims out of over N1 billion, $355,000, and €13,000. 

The alleged crimes were committed in October 2023 in Lagos, where Ikpi reportedly conspired with accomplices to defraud multiple victims, including companies and private individuals. 

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Ikpi pleaded not guilty, and the case has been adjourned for further mention.

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