The Economic and Financial Crimes Commission announced on Monday that it had re-arrested Stephen Akpa, an Abuja-based businessman, for alleged N500 million fraud.
The commission made the disclosure in a statement issued by its Media and Publicity division and posted on its website.
According to the commission, Akpa was arrested on December 2, 2022, at his office in Abuja’s Idu district, following a petition accusing him of receiving N500 million under false pretences.
It added that the suspect jumped the administrative bail granted him ahead of his planned arraignment on five counts.
The commission said the suspect had since then been on the run as all efforts to arrest him proved abortive.
The statement read, “Akpa was first arrested by the commission on December 2, 2022, at his office in the Idu axis of Abuja, following a petition alleging that he obtained the sum of N 500, 000, 000 under false pretence.
“He was to be arraigned on a five-count charge when he jumped the administrative bail offered by the commission.
“All efforts to apprehend proved futile until August 9, 2023, when he was re-arrested.
“He will soon be arraigned in court.”