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Court Rejects Bid By Briton, Indians To Prevent Arrest, Extradition In Ecobank Fraud

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A Federal High Court in Lagos has rejected attempts by three foreign nationals to overturn a bench warrant issued for their arrest and extradition on charges related to a $42.48 million fraud.

The defendants—Indian nationals Prem Garg and Devashish Garg, and Briton Marcus Wade, chairman of Wilben Trade Limited—are accused of defrauding Ecobank Plc.

The allegations stem from a petition filed by Ecobank on October 7, 2022, with the Department of Public Prosecutions (DPP), claiming the trio, along with their companies Wilben Trade Limited in Dubai and Agrico Agbe Limited, secured a $42.48 million loan under false pretenses.

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The loan, granted in 2015, was intended for the importation of rice, but according to the charges brought by the Office of the Attorney-General of the Federation (AGF), the defendants allegedly failed to deliver on their commitments, prompting legal action.

The case, marked FHC/L/562C/2022, includes multiple counts of fraud against the defendants, who have yet to appear in court despite the bank’s efforts to recover the funds.

The charge reads, “That you, Prem Garg, Devashish Garg both of Iand ndian nationality, Agrico Agbe Limited (a company registered in Nigeria), Wilben Trade Limited, Dubai (a company registered in the United Arab Emirates, Dubai), Marcus Wade (Chairman of Wilben Trade Ltd, Dubai) of British nationality, sometime in the month of May and September, 2015 at Ecobank Plc, Lagos within the Jurisdiction of this honourable court conspired between yourselves to commit an offence thereby committed an offence punishable under Section 422 of the Criminal Code Act, Cap C38 Laws of the Federation of Nigeria, 2004.

“That you, Prem Garg, Devashish Garg both of Indian nationality, Agrico Agbe Limited (a company registered in Nigeria), Wilben Trade Limited, Dubai (a company registered in the United Arab Emirates, Dubai), Marcus Wade (Chairman of Wilben Trade Ltd, Dubai) of British nationality, sometime in the month of May and September, 2015 at Eco Bank Plc. Lagos thin the Jurisdiction of this Honourable Court conspired between yourselves to commit an offence to wit: Cheating in that you caused Ecobank Plc to deliver monies to the tune of $42,485,900 which was intended by contract for the purchase and import into Nigeria India Parboiled rice but never utilised the sum of money for the contract and thereby committed an offence punishable under Section 421 of the Criminal Code Act, Cap, C38 Laws of the Federation of Nigeria, 2004.”

Despite the charges pending against them, the defendants did not show up in court to enter their pleas prompting the Office of the Attorney-General of the Federation (AGF) to seek a bench warrant and extradition order.

In response, the AGF’s lawyer, Pius Akutah, filed an application for these orders, which was granted by presiding judge Akintayo Aluko in November 2023.

However, the defendants, represented by lawyers Dele Belgore and Dada Awosika, subsequently filed motions to overturn the arrest and extradition orders.

This move was contested by the AGF’s counsel, Kehinde Bode-Ayeni, who argued against quashing the orders.

Bode-Ayeni assumed responsibility for the case after Pius Akutah, who is now the Executive Secretary and CEO of the Nigerian Shippers’ Council, transitioned from the role.

In a ruling delivered on Monday, Judge Akintayo Aluko stated that proceedings before a magistrate court in Delhi, India, cannot serve as a “stay” in the ongoing criminal proceedings in Nigeria. He emphasized that the case is not solely a criminal matter but a proceeding under the jurisdiction of a Nigerian court as established by the Nigerian Constitution.

Additionally, Judge Aluko clarified that an order for maintaining the status quo issued by another court does not override the criminal charges pending in his court.

Judge Akintayo Aluko ruled that the applications filed by the defendants “lack merit” and subsequently dismissed both motions. The judge then adjourned the case to October 24 for further proceedings.

Meanwhile, on August 7, a statement circulated online claiming that the Central Bank of Nigeria (CBN) was investigating Ecobank over allegations of abusive proceedings and communications involving Wilben Trade Limited and Marcus Wade.

However, the CBN has denied any investigation into Ecobank.

 

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Crime

Bandits Kill 70-Year-Old Man in Katsina, 27 Victims Rescued

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A 70-year-old man, Alhaji Saleh Kasim, has been killed during a bandit attack on Gamji Village in Sabuwa Local Government Area of Katsina State, while 27 abducted residents have been rescued by security forces.

The Katsina State Government disclosed this in a press release issued on Saturday by the Commissioner for Internal Security and Home Affairs, Dr Nasir Mu’azu.

According to the statement, about 40 armed bandits, led by a suspected gang leader identified as Kachalla Alhaji Bawa Kabir, invaded the community in the early hours of October 16, 2026.

SEE ALSO: Two Suspected Bandits in Police Net in Katsina

The attackers reportedly arrived on 20 motorcycles, abducted 27 residents, mostly women, children and elderly people, and rustled six cows.

The government said Kasim was shot dead during the attack.

Following credible intelligence, troops of the 17 Brigade, working with local hunters and the Community Watch Corps, moved to block the attackers’ escape routes towards the Madaci forest enclave.

At about 6 p.m. on the same day, the troops engaged the bandits at Tashar Bawa forest and successfully rescued all 27 abducted residents.

The rescued victims were subsequently taken to the Machika Military Forward Operating Base for medical attention.

The statement added that joint security teams had commenced clearance operations to flush out the remaining members of the gang and prevent possible reprisal attacks on the community.

The Katsina State Government, under Governor Dikko Umaru Radda, reaffirmed its commitment to protecting residents across the state.

Mu’azu commended the troops and community-based security groups for their swift response to the incident.

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Crime

Two Suspected Bandits in Police Net in Katsina

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Police Investigate Mutilated, Headless Bodies Found In Ibadan

The Katsina State Police Command has arrested two suspected bandits and recovered more than 150 livestock suspected to have been rustled at Gidan Mutum Daya in Kusada Local Government Area of the state.

The police also dismissed reports that bandits blocked the Katsina-Kano highway in the area, explaining that the temporary disruption of traffic occurred when security operatives moved the recovered livestock across the road.

The disclosure was made by the Command’s Public Relations Officer, Abubakar Aliyu, in a statement on Friday.

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According to the statement, members of the Katsina State Community Watch Corps (KSCWC) and local vigilantes arrested the suspects during a routine patrol based on actionable intelligence at about 5pm on Thursday.

The suspects were identified as Abdulkadir Umar, (23) and Suleiman Baiti, (21).

“The Katsina State Police Command is aware of a false report circulating on social media alleging that armed bandits blocked the Katsina-Kano Highway at Gidan Mutum Daya in Kusada Local Government Area, Katsina State.

“The Command wishes to state categorically that this report is false, misleading, and entirely unfounded.”

“To set the record straight: On October 15, 2026, at about 5pm, members of the Katsina State Community Watch Corps and local vigilantes on routine patrol, acting on actionable intelligence, arrested two suspected armed bandits at Gidan Mutum Daya, Kusada LGA.

“Upon preliminary interrogation, both suspects confessed to belonging to a syndicate of armed bandits terrorizing parts of the state.

“Following their confession, at about 6pm on the same day, police operatives attached to the Kusada Division, led by the Divisional Police Officer, mobilised jointly with the KSCWC and local vigilantes to a location identified by the suspects. The operation led to the successful recovery of over 150 suspected rustled livestock, comprising cattle, goats, and sheep, which were subsequently moved to a secure facility.

“During the movement of the livestock, vehicular traffic along the Katsina-Kano Highway was briefly halted by security operatives to allow the large herd to safely cross the road. Normal traffic flow was restored immediately afterward.”

The Command insisted that at no point was there an attack by bandits, a road blockade by criminals, or any threat to commuters.

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Crime

Navy Recovers 98,000 Litres of Suspected Stolen Crude in Rivers

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The Nigerian Navy (NN) has uncovered three suspected illegal refining sites containing about 98,000 litres of petroleum products in Okarki community, Ahoada West Local Council of Rivers State.

It was gathered that the discovery was made on October 10, 2026, during an operation conducted by Nigerian Navy Ship (NNS) Pathfinder under Operation Delta Sentinel.

The Director of Naval Information, Navy Captain Abiodun Folorunsho, gave the details in a statement, exposing that the sites contained approximately 65,000 litres of suspected stolen crude oil and 33,000 litres of products suspected to be illegally refined Automotive Gas Oil (AGO), commonly known as diesel.

The products were stored in about 12 dugout pits and containers across the three locations.

The Navy said no arrests were made because the suspected operators had fled before the arrival of the naval team, adding that the sites and products were subsequently handled in accordance with established procedures.

READ ALSO: NNPC Petrol Discount: Oyedele Explains How Lower Margins Could Boost Profits

According to the statement, the discovery highlights the scale of suspected illicit petroleum storage in the area and the risk of the products entering unlawful distribution channels.

The Navy said the operation disrupted storage activities at the three locations and denied suspected operators access to a substantial quantity of petroleum products for further illegal handling and sale.

It added that it would sustain intelligence-led patrols and operations to identify illegal refining facilities, disrupt the storage and movement of suspected stolen petroleum products, and support efforts to bring those responsible to justice in accordance with the law.

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