The Federal High Court in Lagos has granted bail in the sum of N150 million to Ugochukwu Eze, also known as Amazon, who is standing trial for alleged conspiracy, hacking and cyber-fraud involving N800 million.
Eze was arraigned on August 6, 2026, by operatives of the Department of State Services (DSS) before Justice Friday Ogazi on a charge marked FHC/L/CR/539/2026.
According to the prosecutor, Michael Bajela, the defendant and others now at large allegedly committed the offences between 2023 and 2026.
The DSS alleged that Eze and his co-conspirators conspired and unlawfully hindered the function of SunTrust Bank Plc's computer system (server) and fraudulently diverted over N800 million belonging to the bank.
The defendant was also accused of concealing and transferring various sums of money traced to unlawful cyberattacks on financial institutions, and causing unauthorised access to critical national financial information infrastructure.
The offences were said to contravene Sections 5, 6(1) and 8 of the Cybercrimes (Prohibition, Prevention, etc) Act, 2024, and Sections 10, 20 and 18(2)(D) of the Money Laundering (Prevention and Prohibition) Act, 2022.
Eze pleaded not guilty to all counts and was remanded in the custody of the Nigerian Correctional Service (NCoS).
While in custody, he filed a bail application on health grounds, praying the court to grant him bail in the most liberal terms.
The DSS opposed the application, arguing that the defendant was a flight risk.
Delivering ruling, Justice Ogazi granted the application and admitted the defendant to bail in the sum of N150 million with two sureties in like sum.
The court ordered that each surety must be a landlord with landed property valued at N150 million and with evidence of three years tax payment.
Justice Ogazi added that one of the sureties could be a civil servant on Grade Level 15 or its equivalent in the Lagos State or Federal Civil Service, resident in Lagos, whose address must be verified by the court.
The judge also ordered the defendant to surrender all his international passports and travel documents to the court and restrained him from travelling outside Nigeria without prior order of the court.
One of the counts reads: “That you Ugochukwu Eze (a.k.a. Amazon) (M) (47 years) sometime between 2023 and 2026 in Lagos, and other places within the jurisdiction of this honourable court, unlawfully seriously hindered the function of SunTrust Bank Plc’s computer system, and in the process fraudulently diverted over N800, 000,000.00 belonging to the said SunTrust Bank Plc, thereby committed an offence contrary to and punishable under Section 8 of the Cybercrime (Prohibition, Prevention etc.) Act, 2024.”
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