The Economic and Financial Crimes Commission (EFCC) has arraigned a Chinese national, Zhengjia Jin, over alleged fraud involving N301 million.Jin was remanded in custody at the Ikoyi Correctional Centre by Justice Rahman Oshodi of a Special Offences Court in Ikeja, Lagos.
The EFCC presented a four-count charge against Jin, accusing him of bribery, theft, and retention of stolen property. The commission alleged that between March 5 and August 9, 2024, Jin unlawfully retained N301 million in his Access Bank account (No. 1861390260) belonging to Golden Diamond Industrial Manufacturing Company Limited.
The prosecution further claimed that while employed by Golden Diamond, Jin directly accepted the sum into his account, violating his employment terms. His actions allegedly contravene sections 83 and 280 (2) and are punishable under section 287 of the Lagos State Criminal Laws, 2015.
Jin pleaded not guilty to all charges. However, his counsel, A.M. Ezenduka, informed the court of a pending bail application, which the EFCC prosecutor, Ahmad Usman, stated he had not yet received.
Justice Oshodi scheduled the bail hearing for November 11, 2024, and adjourned the trial to February 10, 2025. The judge ordered Jin to remain in custody at the Ikoyi Correctional Centre until his trial date.
