Court adjourns N460.75m fraud case against Austin Albert
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Court adjourns N460.75m fraud case against Austin Albert

By Advocate | July 24, 2026 | 1 min read |

A Federal High Court in Lagos has postponed the fraud case against Austin Albert, managing director of Loft & Keys Ltd and Loft & Keys LLC in Dubai, until October…

A Federal High Court in Lagos has postponed the fraud case against Austin Albert, managing director of Loft & Keys Ltd and Loft & Keys LLC in Dubai, until October 5, 2026. Justice Chukwujekwu Aneke granted the adjournment after Albert's legal team told the court he was undergoing major surgery in Dubai and couldn't attend.

Albert faces allegations of forgery, money laundering, and fraud totalling N460.75 million. The Economic and Financial Crimes Commission (EFCC) is prosecuting him and others over claims of fraud and obtaining money under false pretences.

Albert's defence counsel presented medical documents to support the absence claim. The court accepted the documentation and set the new date for the defendants' arraignment.

The case will proceed on the rescheduled date, allowing Albert to appear before the judge. Justice Aneke indicated the matter would continue as planned when Albert returns to Nigeria.

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