BREAKING: Court Grants Mercy Chinwo’s Ex-Manager, EeZeeTee N20m Bail

Published on May 9, 2025

A Federal High Court sitting in Lagos has granted music producer and former manager of gospel artist Mercy Chinwo, Ezekiel Onyedikachi popularly known as EeZeeTee, a N20 million bail in connection with a fresh $255,000 alleged forex transaction fraud brought against him by the Economic and Financial Crimes Commission (EFCC).

The Judge preceding over the suit, Justice Chukwujekwu Aneke, in a brief ruling on Friday, stated that the bail requirement included one surety who must reside in Lagos and own property worth the bail sum.

The judge, also said that he has 72 hours to meet the bail condition.

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The EFCC had initially filed a 14-count charge against EeZeeTee for alleged fraudulent conversion but later amended it to seven counts. The revised charges accuse him of conducting foreign exchange transactions without a valid license.

The prosecution counsel, Bilikisu Buhari-Bala, informed the court that in June 2023, EeZeeTee, without authorization from the Central Bank of Nigeria (CBN), engaged in a foreign exchange transaction worth $52,895 with one Mr. Oladotun Olaobaju Mureke.

She argued that this act violated Sections 5 and 29(1)(c) of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, Cap F34, Laws of the Federation of Nigeria, 2004, and is punishable under Section 29(2) of the same Act.

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EeZeeTee pleaded not guilty to all charges. The case has been adjourned to June 20, 2025, for trial.

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