EFCC
Alleged ₦10bn Kogi Fraud: EFCC Witness Narrates How Diverted Funds Were Used to Acquire Abuja Properties
A prosecution witness, PW17, an operative of the Economic and Financial Crimes Commission (EFCC) and Deputy Superintendent of the Commission (DCE), Ahmed Audu Abubakar, on Monday, February 9, 2026, narrated before Justice James Omotosho of the Federal High Court, Maitama, Abuja, how hundreds of millions of naira allegedly diverted from the Kogi State Government House Administration Account were used to acquire high-end properties in choice areas of the Federal Capital Territory (FCT).
The EFCC is prosecuting Ali Bello, Chief of Staff to Kogi State Governor Ahmed Usman Ododo and a nephew of former Kogi State Governor Yahaya Adoza Bello, on a 16-count amended charge alongside Dauda Sulaiman and Abdulsalami Hudu, the former cashier of the Kogi State Government House Administration Account, who is currently at large.
The defendants are standing trial over allegations of misappropriation and money laundering involving ₦10,270,556,800, funds allegedly withdrawn from the Kogi State treasury and delivered to a Bureau de Change (BDC) operator, Rabiu Tafada, in Abuja, to keep or convert into foreign currencies for personal use.
At the resumed hearing, Abubakar told the court that the first defendant, Ali Bello, used ₦900 million to acquire a property located at No. 35 Danube Street, Maitama, Abuja, housing Spring Hall School.
“My Lord, the property belonged to a Honourable member from Bauchi State and was put up for sale for that amount. The first defendant procured the services of a lawyer, Barrister Ramalan, to broker the transaction. Barrister Ramalan carried out the instruction as directed by the first defendant, and the property was eventually purchased.
“The payment was made in cash at the office of the Bureau de Change in Zone 4, Abuja, after the naira equivalent was converted to United States dollars. That was the finding of our investigation regarding the transaction,” he said.
The witness further stated that the funds used for the purchase were withdrawn at different times from the Kogi State Government House Administration Account.
When shown Exhibit H by prosecution counsel, Rotimi Oyedepo, SAN, the witness confirmed that it was a Deed of Assignment between Pauchi Ventures Nigeria Limited and Y3 Nigeria Limited.
Asked to identify Y3 Nigeria Limited, the witness explained:
“My Lord, Y3 Nigeria Limited is the company provided by the first defendant to his lawyer for the preparation of the Deed of Assignment.”
Moving to count four of the charge, Oyedepo, SAN, stated that the defendant allegedly used ₦920 million to acquire a property located at No. 2 Justice Chukwudi (also known as Oguta) Street, Asokoro, Abuja, funds he reasonably ought to have known were proceeds of unlawful activity.
Responding, the witness confirmed that the EFCC identified the property during investigations.
“My Lord, the transaction was brokered by the former Governor of Kogi State, His Excellency Yahaya Bello, himself. He approached a contractor friend who had recently acquired the property through Wastle Motors, owned by Alhaji Sa’id Dantsoho.
“They agreed on a price, and the owner accessed a facility from Access Bank. It was agreed that the property would be sold at the same amount it was acquired. Payment was to be made ‘in kind’ because His Excellency had just assumed office and promised to patronise the contractor during his administration.”
The witness stated that an account was provided into which loan repayments were made. He said there were numerous cash deposits from Lokoja and transfers from the Bureau de Change operated by Rabiu Tafada, including through his company, Busynet.
“All BDC transfers were carried out on the instruction of the first defendant, Ali Bello. That is how the property was paid for, My Lord,” he said.
He added that the total facility collected as of March 21, 2018, stood at ₦808,698,263.29.
Abubakar further told the court that on April 8, 2020, multiple cash deposits were made at the Lokoja branch of Access Bank towards servicing the loan. He listed the deposits as follows:
• Victor Ashimo – ₦3,650,000
• Surajo Samson – ₦7,700,000
• Sikiru Lariyat – ₦6,650,000
• Yusuf Mustapha – ₦6,800,000
• Nasiru Mustapha – ₦6,500,000
• Adamu Mamman – ₦6,700,000
• Shehu Afeez – ₦9,500,000
• Musa Umar – ₦9,600,000
• Mohammed Baba – ₦8,900,000
• Victor Obafemi – ₦8,400,000
• Olushola Hakeem – ₦9,200,000
• Yahaya Ahmed – ₦7,600,000
• Tony Olaoluwa – ₦6,800,000
• Habib Sulaiman – ₦8,200,000
• Yakubu Hamid – ₦7,500,000
• Sunday Sylvester – ₦6,900,000
• Aminu Sani – ₦8,700,000
• Job Awe – ₦9,500,000
• Emmanuel Christopher – ₦6,600,000
• Abdulsalami Aliyu – ₦8,300,000
• Yunusa I. Isiyak – ₦7,000,000
• Sulaiman Alhassan – ₦7,300,000
• Yakubu Idris – ₦8,900,000
• Jami’u Sule – ₦8,100,000
• Ismaila Nasiru – ₦7,900,000
• Yusuf Usman – ₦8,500,000
• Obafemi Ajayi – ₦8,800,000
• Abdullahi Sani – ₦7,800,000
When asked if all the payments were made in cash, the witness replied:
“Yes, My Lord.”
He further stated that the source of the funds used to service the loan was the Kogi State Government House Administration Account.
On count five, the witness testified that ₦170 million was used to acquire a property on Marsin Street, Wuse Zone 4, Abuja, directly behind the residence of former Governor Yahaya Bello at No. 9 Benghazi Street.
“Our investigation revealed that the funds were withdrawn from the Kogi State Government House Administration Account. The transaction was brokered by the first defendant in conjunction with his late BDC associate, Murtala Maigari,” he said.
He added that the property owner, a retired Deputy Comptroller of Prisons, Ishaya Adamu Jagaba, supplied an account into which ₦100 million was paid, while ₦70 million was converted to United States dollars.
On count six, Abubakar stated that the defendants aided the use of ₦100 million to acquire a property at No. 1773 Guzape Street, Abuja, with funds traced to the Kogi State Government House Administration Account through a Bureau de Change.
On count seven, he confirmed the acquisition of a property at No. 176, Plot 4882, Lome Street, Wuse, Abuja, also funded from the same government account.
On count eight, the witness told the court that ₦66 million was paid for a property at Plot 739 Aminu Kano Crescent, Wuse II, Abuja, using cash withdrawn from the Kogi State Government House Administration Account, stressing that the payment was not made on behalf of the Kogi State Government.
The witness had earlier testified on how hundreds of millions of naira were moved from the Kogi State Government House Administration Account and security votes to purchase properties and renovate the family house of former Governor Yahaya Adoza Bello.
Justice Omotosho thereafter adjourned the matter to February 16, 17, 18, 19 and 20, 2026, for continuation of trial.
EFCC
EFCC Hands Over $225,895, ₦62.79m Recovered Funds to Foreign Victims
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.
EFCC
₦1.2bn Fraud Trial: EFCC Witness Says He Delivered $15m Cash to Ex-NIMASA DG Akpobolokemi
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.
EFCC
Make Integrity Your Foundation, Olukoyede Charges Students
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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