- Eezee Tee, founder of EeZee Global Conceptz, arraigned for alleged $397,106 fraud.
- Charges include unauthorized foreign exchange transactions and failure to submit required financial information.
- Another individual, Ntai Bagshaw, remanded in custody for alleged N45 million fraud.
- Both cases are currently being heard in Lagos courts.
Eezee Tee’s Empire Under Scrutiny: The Charges
Ezekiel ThankGod, a.k.a. Eezee Tee, stood before a Federal High Court in Ikoyi, Lagos, facing seven counts. Initially, the EFCC accused him of fraudulently converting gospel singer Mercy Chinwo’s earnings. However, they switched gears, focusing on his alleged failure to disclose his company’s financial transactions.
According to the EFCC, between 2021 and 2023, Eezee Tee and his company allegedly engaged in foreign exchange transactions amounting to $141,670 without the Central Bank of Nigeria (CBN)’s authorization. If found guilty, he could face serious penalties under the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act.
SCUML Trouble: Missing Financial Info?
The EFCC also alleges that Eezee Tee failed to submit crucial financial information to the Special Control Unit Against Money Laundering (SCUML) between 2022 and 2024. During this period, a whopping $255,436 was reportedly deposited into his company’s account, potentially violating the Money Laundering (Prevention and Prohibition) Act, 2022.
Adding fuel to the fire, he’s also accused of engaging in an unauthorized foreign exchange transaction in October 2022, allegedly contravening the National Economic Intelligence Committee Establishment Act, 1994. It’s a tangled web of accusations!
Defense Claims Settlement Talks: Is There a Way Out?
During the hearing, Eezee Tee’s lead counsel, Chikaosolu Ojukwu (SAN), dropped a bombshell of his own. He informed the court that settlement discussions were underway involving the EFCC, Eezee Tee, and even Mercy Chinwo! He portrayed the matter as a contractual dispute and requested that Eezee Tee be released into his custody until bail conditions are met.
However, EFCC counsel, Bilikisu Buhari-Bala, wasn’t buying it. She argued that Eezee Tee had previously violated administrative bail conditions. The judge, Justice Aneke, adjourned the matter to May 9, 2025, for a bail ruling, but allowed Eezee Tee to remain in his counsel’s custody for now.
Another Scam Uncovered: N45 Million Fraud!
In a separate but equally shocking case, the EFCC also arraigned Ntai Bagshaw and his company, Terraworks Limited, before Justice Olubusila Okunuga. Bagshaw stands accused of swindling someone out of N45 million by falsely claiming the funds were for a three-bedroom flat in Ogudu GRA.
The prosecution claims this violates the Advance Fee Fraud and Other Related Offences Act and Lagos State’s Criminal Law. Bagshaw pleaded not guilty, and Justice Okunuga has set the trial for May 22, 2025, ordering Bagshaw to be remanded in EFCC custody until then.
What’s Next? The Legal Battles Ahead
Both Eezee Tee and Ntai Bagshaw now face daunting legal battles. The EFCC seems determined to pursue these cases to the fullest extent of the law. Will Eezee Tee manage to reach a settlement? Will Bagshaw be able to prove his innocence? Only time will tell as these cases unfold in the Nigerian courts.
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