Nigeria, March 29 -- A Federal High Court in Port Harcourt, Rivers State, has remanded Fasiku Raphael, a former official of the First City Monument Bank (FCMB), in custody for alleged stealing and currency counterfeiting to the tune of N23.5 million.

The Economic and Financial Crimes Commission (EFCC), which is prosecuting Mr Raphael, said in a statement on Tuesday that the suspect was arraigned on 27 March on a six-count charge.

According to the charge, which was read to him in the court, Mr Raphael, in June 2021 in Port Harcourt, while he was a staff member of the FCMB, allegedly stole N10, 040, 000, 00 belonging to Esther Ehire, and thereby committed an offence punishable under Section 390 of the Criminal Code Act, Cap. C38 of the Re...