Posted by Chinenye on Fri 10th Jul, 2026 - tori.ng
The EFCC has taken legal action against the head of an engineering company over allegations involving a large cash transa
The Group Managing Director of Brass Engineering and Construction Nigeria Limited, Egwuche Gladys, has been charged with a $600,000 fraud by the Enugu Zonal Directorate of the Economic and Financial Crimes Commission.
Gladys and her company were brought before Justice F. O. Giwa-Ogunbanjo of the Federal High Court, Independence Layout, Enugu, on a 12-count charge that borders on money laundering, according to an EFCC post posted on X.com on Friday.
The charge sheet claims that the defendant and her business violated the Money Laundering (Prevention and Prohibition) Act, 2022 by accepting cash payments of $50,000 in 12 tranches between March 13 and April 11, 2023, totaling $600,000, without transferring the money through a financial institution.
According to count one of the charges, "Brass Engineering and Construction Nigeria Limited and Mrs. Egwuche Chinyere Gladys accepted cash payment of $50,000.
As part payment for an 180220TPH Granite Stone Crushing Line you sold to Patan Nigeria Ltd and Reinforce Global Resources Ltd (JV) which exceeded the statutory required threshold of N10,000,000.00 without passing through a financial institution."
According to the EFCC, the transaction was a partial payment for a granite stone crushing line that the defendant's business sold to Reinforce Global Resources Limited and Patan Nigeria Limited through a joint venture agreement.
The defendant allegedly accepted cash payments totaling $600,000 (six hundred thousand US dollars) in twelve installments between March 13, 2023, and April 11, 2023, while serving as Group Managing Director of Brass Engineering and Construction Nigeria Limited.
The defendant and her company allegedly sold an 180220TPH Granite Stone Crushing Line to Patan Nigeria Limited and Reinforce Global Resources Limited.
The cash payment exceeded the statutory required threshold of N10,000,000.00 (Ten Million Naira) because it did not go through a financial institution.
Gladys entered a not guilty plea to the accusations.
After the defendant entered a plea, Assistant Commander Rotimi Enitan Ajobiewe, the EFCC's attorney, sought the court to set a trial date and confine the defendant to the Nigerian Correctional Service, Enugu.
The accused entered a plea of "not guilty" to the accusations. In light of her plea, the defendant's attorney, Assistant Commander of the EFCC, ACE II Rotimi Enitan Ajobiewe, asked the court for a trial date so the prosecution could present its case and for the defendant to be placed under remand at the Nigerian Correctional Service (NCoS) facility in Enugu.
Roy O. U. Nwaeze, SAN, the defense attorney, called the court's attention to a pending bail application and pleaded with it to give his client bail.
Gladys was later given N200 million bail by Judge Giwa-Ogunbanjo, along with two sureties of the same amount, each of whom had to be a property owner within the court's jurisdiction.
In addition, the judge directed the EFCC to confirm the sureties' addresses within seven days and mandated that the defendant surrender her foreign passport with the court registrar.
The trial in this case was postponed until November 11, 2026.