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EFCC

₦80.2bn Kogi Fraud: ₦3.1bn LG Funds Paid to E-Trader — Witness

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The trial of former Kogi State Governor, Yahaya Adoza Bello, before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, continued on Thursday, January 29, 2026, with the continuation of testimony by Prosecution Witness Seven (PW7), Olomotane Egoro, a compliance officer with Access Bank.

Bello is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on a 19-count charge bordering on money laundering to the tune of ₦80,246,470,088.88 (Eighty Billion, Two Hundred and Forty-Six Million, Four Hundred and Seventy Thousand and Eighty-Nine Naira, Eighty-Eight Kobo).

Led in evidence by prosecution counsel, Kemi Pinheiro, SAN, Egoro gave a detailed breakdown of financial transactions involving the accounts of Fazab Business Enterprise and E-traders International Limited, which allegedly received funds traced to Kogi State local government councils.

After reminding the witness that he was still on oath, Pinheiro applied that Exhibit 33(8)—the statement of account of Fazab Business Enterprise—be shown to the witness and drew his attention to inflows recorded on May 6 and May 9, 2022.

Responding, Egoro told the court that on May 6, 2022, there were 11 inflows into the Fazab Business Enterprise account. He confirmed that the inflows came from different local government councils in Kogi State, including Yagba East, Yala, Ida and Okene.

On the transactions of May 9, 2022, the witness stated that there were three transactions, comprising two inflows. When asked to confirm whether the inflows originated from Ibaji and Dekina Local Government Areas, Egoro answered in the affirmative, saying, “Yes, my Lord, I can confirm they came from the two local governments.”

In summary, the witness told the court that the total inflow on May 6, 2022, amounted to ₦103,375,059.73, while the two inflows on May 9, 2022, totalled ₦14,563,702.56, bringing the cumulative sum to ₦117,938,762.29.

Pinheiro further drew the witness’s attention to cash withdrawals that followed the inflows. Asked to identify the individual who made a ₦10 million cash withdrawal from the account, Egoro replied, “My Lord, it is Yakubu Siyaka A.”

He confirmed that Yakubu Siyaka A. made cash withdrawals on several dates—May 9, 10, 11, 13, 16, 17, 18, 19, 20, 23, 24 and 26, 2022. In total, the witness said the cash withdrawals made by Yakubu Siyaka A. between May 9 and May 26, 2022, amounted to ₦116,600,000.

When asked whether almost the entire inflow of ₦117,938,762.29 from the local governments in May 2022 was withdrawn in cash, Egoro answered, “Yes, my Lord.”

The witness further told the court that by May 31, 2022, only a balance of about ₦1,289,041.41 (One Million, Two Hundred and Eighty-Nine Thousand, Forty-One Naira, Forty-One Kobo) remained in the Fazab account.

Turning to June and July 2022, Egoro testified that there were consistent inflows from various Kogi State local governments. He stated that the total inflow for June 2022 was ₦108,793,086.69, while July 2022 recorded inflows of ₦141,718,056.30, bringing the combined total for both months to ₦250,511,142.99.

He confirmed that during the same period, Yakubu Siyaka A. continued to make cash withdrawals. According to him, the total cash withdrawals in June and July 2022 amounted to ₦198,900,000. When asked if almost ₦200 million was withdrawn in cash from the inflows of the two months, the witness responded, “Yes, my Lord, that’s correct.”

Egoro further testified that the pattern of inflows from Kogi State local governments and corresponding cash withdrawals persisted in August and September 2022, and that similar patterns were observed in October, November and December 2022.

Calculating the inflows from August to December 2022, the witness told the court that the total sum credited into the Fazab Business Enterprise account during the period was ₦2,195,273,096.27. When added to the inflows recorded in May, June and July 2022, Egoro said the total inflow from May to December 2022 amounted to ₦2,563,722,942.55.

“That is over ₦2.5 billion paid into the account of Fazab Business Enterprise from Kogi State local governments within eight months, from May to December 2022,” he said.

On withdrawals, the witness stated that cash withdrawals made by Yakubu Siyaka A. from August to December 2022 amounted to ₦266,800,000, while withdrawals for May 2022 stood at ₦116,600,000, and those for June and July 2022 amounted to ₦198,900,000.

“My Lord, the total cash withdrawal by Yakubu Siyaka A. is ₦582,300,000,” he said.

Egoro further testified that beyond cash withdrawals, there were also transfers from the Fazab account. He said that in August 2022, two transfers totalling ₦94,364,450 were made—₦40 million on August 9 to Konforte Koncept Company, and ₦54,364,450 on August 10 to Abba Adaudu.

In September 2022, he testified that two transfers were made to Yagba East Local Government on September 2, amounting to ₦9,100,359.80 and ₦11,582,274.83 respectively. He also stated that ₦25,000,000 was transferred to Shetland Logistics Services Limited on September 9, while ₦86,500,000 was transferred to Ejadams Essence Limited on September 13.

Continuing, Egoro stated that on October 11, 2022, there was an outflow of ₦80,000,000 in favour of Hadassah Katriel Global Enterprise, adding that between October and December 2022, the company received a total of seven transfers amounting to ₦430,000,000.

Turning to Exhibit 33(6)—the statement of account of E-traders International Limited—the witness said it formed part of the account opening package of the company and identified Abdullahi Jamilu as the first signatory.

Egoro then gave a chronological breakdown of cash deposits into the E-traders account, stating that between July 26, 2021, and April 6, 2022, multiple cash deposits—mostly in tranches not exceeding ₦10 million—were made by Abba Adaudu, Jamilu Abdullahi, Yusuf Abba and Haruna Mohammed, all at the Lokoja Branch of Access Bank.

In summary, the witness told the court that within the eight-month period, total cash deposits into the E-traders International Limited account amounted to ₦3,145,569,654.

When asked to confirm the calculation, Egoro replied, “Yes, my Lord.”

He further testified that although the deposits were made in Lokoja, the account was opened at the Mararaba Branch of Access Bank in Nasarawa State, with the registered address listed as Plot P316, Abuja–Keffi Expressway, Mararaba, Nasarawa State.

At the close of proceedings, defence counsel, J.B. Daudu, SAN, informed the court of an application dated January 19, 2026, seeking the release of the defendant’s international passport to enable him to travel for the lesser Hajj (Umrah) during Ramadan. He said the application was supported by a 24-paragraph affidavit deposed to by the defendant.

Responding, the prosecution stated that it did not oppose the application but urged that the Federal Capital Territory High Court, where the defendant is standing trial in another matter, should be formally notified.

Justice Nwite thereafter adjourned the matter to Friday, January 30, 2026, for the continuation of testimony by PW7 and further hearing.

EFCC

EFCC Hands Over $225,895, ₦62.79m Recovered Funds to Foreign Victims

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The Economic and Financial Crimes Commission (EFCC), on Friday, March 13, 2026, handed over a total sum of $225,895 (Two Hundred and Twenty-Five Thousand, Eight Hundred and Ninety-Five United States Dollars) and ₦62,790,000 (Sixty-Two Million, Seven Hundred and Ninety Thousand Naira) to foreign victims of fraud from the United States and South Africa.

The handover ceremony was presided over by the Secretary to the Commission, Mohammed Hammajoda, and featured representatives of the victims’ nations, including the Assistant Law Enforcement Attaché of the Federal Bureau of Investigation (FBI), Mike Fukuda, and the Acting High Commissioner of South Africa to Nigeria, Lindi Mminele.

Commenting on the handover, Hammajoda noted that corruption remains a global menace that requires collective efforts to combat.

“Corruption is like a cancer that eats into every fabric of our lives. It is cross-border in nature; therefore, we must join hands collectively to defeat it. Corruption has no borders, and if we do not fight it together, it will consume us all,” he said.

He added that the EFCC remains committed to ensuring that recovered proceeds of crime are returned to their rightful owners.

“From our end at the EFCC, we are doing our best. Whatever we recover, we return to the victims, whether individuals, corporate organisations, governments or international victims. We also expect the same gesture from our sister agencies and collaborators across the world,” he said.

Speaking further on collaboration, restitution and asset recovery, Hammajoda urged the Commission’s international partners in the United States, Europe, Asia, South Africa and other parts of the world to respond promptly to requests for cooperation.

“Whatever is due to Nigeria, we expect to receive it just as we make recoveries available to you. Whether you are in America, Europe, Asia or Africa, we expect the same cooperation,” he said.

During the ceremony, Fukuda received $7,440 on behalf of American victims of fraud: Drago Boskovic, Anh Ngoc Nguyen, and three others, while Holly Ngo received $175,895 and ₦62,790,000.

Similarly, the Acting High Commissioner of South Africa, Mminele, alongside the victim’s lawyer, Elisha Sunday, received $50,000 on behalf of Ennis-Flint Africa Limited, a South African company.

Speaking on behalf of the victims, Mminele expressed appreciation to the EFCC for its efforts in recovering and restituting the funds.

“I would like to express my gratitude for the good work the EFCC has been doing. South Africa has witnessed that what the Commission is doing is real, as the victim company has experienced and seen the results of the work done,” she said.

She added that the South African High Commission values its longstanding relationship with the EFCC and looks forward to continued cooperation.

Also speaking, the lawyer to the South African victim company, Elisha Sunday, commended the Commission for its relentless efforts in combating economic and financial crimes.

“The best thing that ever happened to this country is the EFCC because of the good work it is doing. I say this not because I am here, but because I have seen the dedication of the staff of the Commission. Their efforts are helping to restore confidence that people can still do business with Nigerians,” he said.

He also praised the Commission’s role in strengthening Nigeria’s reputation in the global financial system.

On his part, Fukuda commended the EFCC for its commitment to ensuring justice for victims of fraud.

“I have seen the effort the EFCC has made in securing restitution for victims, and it is inspiring to me and my organisation. I want to reaffirm our readiness to continue working with you. Your organisation is truly a world-class agency, and we are honoured to collaborate with you,” he said on behalf of the FBI and the United States Department of Justice.

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EFCC

₦1.2bn Fraud Trial: EFCC Witness Says He Delivered $15m Cash to Ex-NIMASA DG Akpobolokemi

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A prosecution witness in the ongoing fraud trial involving former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Ziakede Akpobolokemi, on Thursday told the court that he personally delivered $15 million in cash to the former agency boss.

The witness, Captain Ezekiel Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development, and Marine Operations at NIMASA, testified before Justice Ayokunle Faji of the Federal High Court in Lagos.

Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Akpobolokemi.

According to him, the money was taken to a Bureau de Change, which converted it into $15 million, before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.

He said he subsequently took the money to the office of the then Director-General.

“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.

Agaba explained that he collected the bag from his aide before entering the office.

“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”

The witness, who formerly served as Director of Maritime Security and Safety, was initially a defendant in the case but later opted to testify for the prosecution.

While being led in evidence by prosecuting counsel Barr. Suleiman Suleiman, Agaba explained the chain of command within NIMASA and how financial approvals were processed in the agency.

According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.

He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.

“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.

During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.

When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”

Counsel Collins Ogbonna represented Akpobolokemi, the first defendant in the case, while Tokunbo Ajibulu appeared for the second defendant, Captain Warredi Enisuoh.

After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for continuation of trial.

The EFCC had, in December 2015, arraigned Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds, and money laundering.

Those charged alongside the former NIMASA boss include Ezekiel Agaba, Warredi Enisuoh, Governor Juan, Ugo Frederick, and Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.

The anti-graft agency alleged that the defendants conspired to divert funds running into over ₦1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.

According to the EFCC, the NIMASA Intelligence Committee allegedly received ₦1,153,000,000 between December 2013 and July 2015.

Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.

The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.

One of the charges stated that Akpobolokemi and the other defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.

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EFCC

Make Integrity Your Foundation, Olukoyede Charges Students

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has charged students across the country to make integrity their foundation, stressing that with such a foundation, their future prospects for success will be enhanced.

He gave the charge in Abuja on Monday, March 9, 2026, while addressing students of J.K. People’s Comprehensive Academy, Mararaba, Nasarawa State, who were on a study tour of the EFCC’s Corporate Headquarters.

Olukoyede, who spoke through the EFCC’s Head of Media and Publicity and spokesperson for the Commission, Deputy Commander of the EFCC (DCE) Dele Oyewale, noted that students who embrace integrity, accountability, and transparency will emerge as leaders in their generation.

“Your foundation is important. No superstructure can stand on a foundation of corruption. At this stage of your education, you have every opportunity to choose integrity. You cannot be wrong with integrity, and you cannot be right with corruption,” he said.

The EFCC boss further encouraged the students to aim high, broaden their vision and aspirations, and positively influence their environment.

On her part, the Head of the Enlightenment and Re-Orientation Unit of the Commission, Assistant Commander of the EFCC (ACE II) Aisha Mohammed, pointed out that prevention, investigation, and prosecution are the EFCC’s three-pronged approach to fighting corruption, economic, and financial crimes.

She highlighted television and radio sensitisation programmes, the establishment of Integrity and Zero Tolerance Clubs in schools across the country, and sustained collaboration with critical stakeholders as part of the Commission’s preventive efforts.

She charged the students to always tread the path of ethical behaviour as leaders of tomorrow.

“You are the future of this country. If you get it right, Nigeria will get it right. Be content. Don’t allow anyone to pressure you into living beyond your means,” she said.

In a presentation on cybersecurity, Inspector of the EFCC, Kayode Eniola, educated the students on the nature and consequences of cybercrime, describing it as criminal activities perpetrated through digital communication tools and internet-enabled platforms.

She identified phishing, hacking, and online romance scams as common forms of cybercrime, adding that victims often suffer financial losses, privacy breaches, and reputational damage.

She further advised the students to adopt preventive measures against cybercrime, such as using strong passwords, updating their software regularly, avoiding suspicious links, and logging out of shared devices after use.

In his remarks, Okoro Chijioke, a teacher at the school, expressed gratitude to the EFCC for the insightful engagement, describing it as “an unforgettable experience and one of the best so far.”

The event featured a question-and-answer session as well as a quiz competition in which the students’ understanding of the lectures was assessed. Two students who emerged winners were presented with gifts and souvenirs.

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