Capital Market Fraud: Okumagba, other BGL officials know fate Wednesday
The suspects were arraigned following a petition against them by some investors.
The suspects were arraigned following a petition against them by some investors.
The accused were docked on charges of criminal conspiracy, breach of trust and cheating.
The Managing Director of the company, Albert Okumagba, was not in court and was not represented.
BGL Securities was ordered to refund about N855.54 million to the complainants.
EFCC spokesman, Wilson Uwujaren, confirmed the arrest.
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