The Economic and Financial Crimes Commission (EFCC) brought the charges against the trio, which include two counts of stealing and retention of proceeds of crime. According to EFCC counsel Abdulhamid Tukur, the accused allegedly committed the offences in 2023 in Lagos. They are accused of dishonestly stealing and converting to their own use the sum of N3,473,166,731, property of Access Bank.

The EFCC further alleged that the defendants knowingly retained this amount, which they were aware was obtained through unlawful means. The scheme reportedly involved an Access Bank employee who, after working for 16 years as an IT representative, plugged an HP Elitebook laptop into the bank's branch network. This allowed his cohorts remote access to perpetrate the fraud. He collaborated with the other defendants to move the money out through them.

The charges are based on Section 17 of the EFCC Establishment Act, 2004, and Section 280 of the Criminal Laws of Lagos State, 2015. All three defendants pleaded not guilty to the charges.

Following their plea, Tukur requested a trial date and urged the court to remand the defendants in a correctional facility pending the trial.