EFCC
₦80.2bn Kogi Fraud: ₦3.1bn LG Funds Paid to E-Trader — Witness
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
Alleged $6bn Mambilla Project Fraud: Witness Clarifies Certification of FEC Meeting Extracts
The Fifth Prosecution Witness (PW5) in the trial of former Minister of Power, Olu Agunloye, on Wednesday, June 10, 2026, clarified issues surrounding the certification of the extract of the minutes of the Federal Executive Council (FEC) meeting of May 21, 2003, before Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court, Apo, Abuja, following a formal request by the Economic and Financial Crimes Commission (EFCC) for certified extracts of the meeting.
The former minister is facing prosecution on an amended seven-count charge bordering on alleged official corruption and the fraudulent award of the Mambilla Power Project contract worth $6 billion to Sunrise Power Transmission Company Limited.
The witness, Iliya John Iyakwari, an Assistant Director of Legal in the Federal Ministry of Justice, currently serving in the Federal Ministry of Power as an Assistant Legal Adviser since August 2014, stated during cross-examination by defence counsel, Adeola Adedipe, SAN, that the request for a certified copy of the extract of the FEC meeting of May 21, 2003, was received from the EFCC in July 2023.
He explained that the certification was eventually done in 2024 because, upon receipt of the request letter from the User Department, the Legal Department forwarded a memo to the EFCC dated July 27, 2023, but the initial copy sent to the Commission was not certified, prompting the EFCC to return it.
“It was after it was received by the EFCC in July 2023 that they realised the extract was not certified. So, in January 2024, a staff of the EFCC brought back Exhibit Three K to my Legal Adviser, and the name of the EFCC staff is Babangida.
“He brought it personally and reminded my director that it was not certified. My director then gave me the document to certify. That is why my lord will see on the face of the document that the date it was certified, January 26, 2024, is different from the date it was forwarded. It was in the process of certification that I mistakenly stamped the original forwarding letter dated June 27, 2023. After stamping the document, I gave it back to my director, who I believe handed it over to Babangida because I left them afterwards,” he said.
When asked whether his earlier testimony suggesting certification in June 2023 was contradictory, prosecution counsel, Abba Mohammed, SAN, defended the witness’ position, insisting that the testimony was not contradictory and that court records spoke for themselves.
“My lord, I object to this particular question anchored on Exhibit PW5A, which was just tendered in court. What I see in our record, and what I believe is reflected in the records of the court, is that in his explanation, he summarised that all these activities were done in June 2023; he never said the certification was done in 2023.
“This objection is founded on Section 36 of the 1999 Constitution of the Federal Republic of Nigeria, which is superior to the Evidence Act. We will rely on the record of the court, particularly line 16,” he said.
The witness was also asked whether the document tendered in court by Babangida during his testimony was a different extract of the FEC meeting from the one he certified.
The prosecution counsel again objected, arguing that the witness, in line with court procedure, was absent from the courtroom during Babangida’s testimony and therefore could not be cross-examined on a document that was not tendered through him. He cited the case of Buhari v. INEC & Others (2008).
Justice Onwuegbuzie adjourned the matter until June 18 and July 2, 2026, for the continuation of trial.
EFCC
EFCC Arraigns Three Over Alleged ₦10bn Fidelity Bank Fraud in Lagos
The Economic and Financial Crimes Commission (EFCC) has arraigned three men and another suspect currently at large before the Lagos State High Court sitting in Ikeja over an alleged ₦10 billion fraud involving Fidelity Bank Plc.
The defendants, identified as Ibeh Emmanuel, Chidiebere Ihekoronye, Akubuo Chimuanya, and Austen Peaks Aniekan, who is currently at large, were brought before Justice Olubusola A. Okunuga on Wednesday on a five-count charge bordering on conspiracy, obtaining by false pretence, possession of fraudulent documents, and forgery.
According to the EFCC, the defendants allegedly conspired to fraudulently obtain ₦10 billion from Fidelity Bank Plc through forged documents and false representations.
One of the charges alleged that on or about April 16, 2026, the defendants, with intent to defraud, conspired among themselves to obtain the sum of ₦10 billion from Fidelity Bank Plc by falsely claiming that Maton Engineering Limited, which maintains account number 4011468821 with the bank, had issued an irrevocable standing order directing the reservation, blocking, and transfer of the funds in favour of Prospera Finance Limited, domiciled with Wema Bank Plc.
The anti-graft agency stated that the representation was false and that the defendants were fully aware of its falsity at the time it was made.
The commission further alleged that the defendants attempted to obtain the said amount based on the same purported instruction and false representation.
According to the charge, the alleged offences contravene Sections 1(1)(a), 8(a), and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
The EFCC also accused Emmanuel of being in possession of a document purportedly issued by Fidelity Bank Plc confirming the existence of blocked funds amounting to ₦10 billion in favour of Prospera Finance Limited, which he allegedly knew to be false.
In addition, the defendants were accused of forging a document titled, “Confirmation of Ten Billion Naira (₦10,000,000,000.00) Blocked Funds in Favour of Prospera Finance Limited,” purportedly emanating from Fidelity Bank Plc.
The commission alleged that the document was knowingly fabricated without lawful authority, contrary to Section 365(1) of the Criminal Law of Lagos State, 2015.
When the charges were read to them, the defendants pleaded not guilty.
Following their plea, prosecution counsel, A.A. Usman, urged the court to fix a date for trial and requested that the defendants be remanded in a correctional facility pending the determination of their bail applications.
Justice Okunuga subsequently ordered that the defendants be remanded at the Ikoyi Correctional Centre and adjourned the matter until June 18, 2026, for the hearing of their bail applications and the commencement of trial.
The EFCC stated that investigations into the alleged fraud are ongoing, while efforts are being intensified to apprehend the fourth defendant, Aniekan, who remains at large.
EFCC
EFCC Arraigns Blessing CEO for Fresh Alleged ₦69.1m Fraud
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), on Tuesday, June 9, 2026, arraigned a social media influencer, Okoro Blessing Nkiruka (a.k.a. Blessing CEO), before Justice R.A. Oshodi of the Special Offences Court sitting in Ikeja, Lagos, over an alleged ₦69,150,000 fraud.
Nkiruka was arraigned on a two-count charge bordering on obtaining money by false pretence and stealing to the tune of ₦69,150,000.
At the commencement of proceedings, prosecution counsel, C.C. Okezie, urged the court to proceed with the arraignment, arguing that the defendant had been duly served with the charge.
However, defence counsel, Nkama Nneka, informed the court that service of the charge had only recently been effected.
In his ruling, Justice Oshodi held that the arraignment should proceed in accordance with the law. Consequently, the charges were read to the defendant.
Count one reads: “That you, OKORO BLESSING NKIRUKA, on or about March 21, 2025, in Lagos, within the jurisdiction of this Honourable Court, by false pretence and with intent to defraud, induced Hope Chiropractic Health Clinic Limited to confer a benefit of ₦69,150,000 (Sixty-Nine Million, One Hundred and Fifty Thousand Naira) on you under the representation that the property located at No. 1 Tunbosun Osobu Street, Lekki, belonged to you and was leased to the company for a period of five years, a representation you knew to be false, thereby committing an offence contrary to Section 1(2) and punishable under Section 1(3) of the Advance Fee Fraud and Other Related Offences Act.”
Count two reads: “That you, OKORO BLESSING NKIRUKA, on or about March 21, 2025, in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use the sum of ₦69,150,000 (Sixty-Nine Million, One Hundred and Fifty Thousand Naira), being the property of Hope Chiropractic Health Clinic Limited, thereby committing an offence of stealing contrary to Section 280(2) and punishable under Section 287 of the Criminal Law of Lagos State, 2015.”
The defendant pleaded “not guilty” to the charges when they were read to her.
Following her plea, Okezie asked for a trial date and prayed the court to remand the defendant in EFCC custody pending her scheduled arraignment before the Federal High Court, Ikoyi, Lagos, on June 10, 2026, in another alleged fraud case.
Consequently, Justice Oshodi remanded the defendant in EFCC custody and adjourned the matter till July 16, 2026, for the hearing of the bail application and commencement of trial.
In a related development, Justice D.I. Dipeolu of the Federal High Court, Ikoyi, Lagos, on Tuesday, June 9, 2026, granted Blessing Nkiruka, who is being prosecuted for an alleged ₦36 million fraud, bail in the sum of ₦10 million with two sureties in like sum.
One of the sureties must be a family member and is required to provide proof of employment, a Bank Verification Number (BVN), National Identification Number (NIN), and a valid phone number.
The sureties must also submit a valid international passport, tax clearance certificates for the last two years, and six passport photographs.
The defendant was earlier arraigned on a two-count charge by the Lagos Zonal Directorate 1 of the EFCC bordering on obtaining money by false pretence and stealing to the tune of ₦36 million.
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