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EFCC

Alleged ₦2.04bn Fraud: EFCC Arraigns Three NRC Staff in Lagos

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The Economic and Financial Crimes Commission (EFCC), on Wednesday, February 25, 2026, arraigned three senior officials of the Nigerian Railway Corporation (NRC) before the Lagos State High Court sitting in Ikeja over alleged fraud and money laundering offences.

The defendants are: Felix Njoku, a former Director of Finance of the NRC; Benjamin Chinwuba Iloanusi, currently a Director in the Procurement Department of the NRC; and Oche Jerry Ogbole-Inalegwu, currently Director of Mechanical.

They were arraigned on separate charges bordering on alleged abuse of office, money laundering, and unlawful enrichment by public officials to the tune of over ₦2.04 billion.

Njoku was arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court, Ikeja, on a 17-count charge involving an alleged fraud of ₦736,320,807.08.

One of the counts against Njoku reads: “That you, Felix Njoku, transacting under the name of FC Njoku and Company, after leaving office as Director of Finance, Nigerian Railway Corporation, between January 2, 2024 and December 3, 2024 in Lagos within the jurisdiction of this Honourable Court, committed an offence, to wit: unlawful enrichment by receiving the cumulative sum of Two Hundred and Forty Million, Nine Hundred and Forty Thousand Naira (₦240,940,000.00) from contractors of the Nigerian Railway Corporation through the bank account of FC Njoku and Company domiciled in Zenith Bank Plc with account number 1014247906, on account of contracts awarded to the contractors during the discharge of your official duties.”

It was alleged that Njoku, after leaving office as Director of Finance of the NRC, between January 2 and December 3, 2024, received ₦240,940,000.00 from NRC contractors through the bank account of FC Njoku and Company domiciled in Zenith Bank Plc, linked to contracts awarded during his tenure.

Iloanusi was arraigned before Justice Ismail Ijelu of the Lagos State High Court on a 10-count charge involving an alleged ₦915,265,472.60 fraud.

One of the counts against Iloanusi reads: “That you, Benjamin Chinwuba Iloanusi, while serving as Director, Procurement Department, Nigerian Railway Corporation, between January 4, 2022 and December 30, 2022 in Lagos within the jurisdiction of this Honourable Court, committed an offence, to wit: corruption by receiving the cumulative sum of One Hundred and Sixty Million, Nine Hundred and Thirty Thousand, Four Hundred and Fifty-Eight Naira, Four Kobo (₦160,930,458.04) from contractors of the Nigerian Railway Corporation through your bank accounts domiciled in Polaris Bank Plc with account numbers 1060170530 and 1767841197, on account of contracts awarded to the contractors during the discharge of your official duties.”

According to the charge, Iloanusi allegedly received ₦160,930,458.04 from NRC contractors through accounts domiciled in Polaris Bank Plc while serving as Director of Procurement between January 4 and December 30, 2022.

The payments were allegedly connected to contracts awarded in the course of his official duties.

Ogbole-Inalegwu was arraigned before Justice Mojisola Dada of the Special Offences Court, Ikeja, on a nine-count charge involving an alleged ₦395,190,600.00 fraud.

One of the counts against Ogbole-Inalegwu reads: “That you, Oche Jerry Ogbole-Inalegwu, while serving as Railway District Manager, Nigerian Railway Corporation, and transacting under the name of Altech Engineering Services, between February 12, 2019 and October 29, 2019 in Lagos within the jurisdiction of this Honourable Court, committed an offence, to wit: corruption by receiving the cumulative sum of Eleven Million, Three Hundred and Ninety-Seven Thousand, Five Hundred Naira (₦11,397,500.00) from China Civil Engineering Construction Company (CCECC), a contractor of the Nigerian Railway Corporation, through the bank account of Altech Engineering Services domiciled in Access Bank Plc with account number 0018021498, on account of contracts awarded to CCECC during the discharge of your official duties.”

It was alleged that while Ogbole-Inalegwu was serving as Railway District Manager and operating under Altech Engineering Services, he received ₦11,397,500.00 from the China Civil Engineering Construction Corporation (CCECC), an NRC contractor, through an Access Bank Plc account in relation to contracts awarded during his official duties.

The offences are said to contravene Sections 332(1) and 332(3), Section 73(1), and Section 82(c) of the Criminal Law of Lagos State, 2011.

All defendants pleaded not guilty to the charges.

Following their pleas, the prosecution counsel, Abba Muhammad, SAN, requested trial dates and urged the courts to remand the defendants in correctional facilities pending trial, noting that the prosecution intended to respond to certain paragraphs in the bail applications on points of law.

The defence counsel, Mordecai Adejo, informed the courts that bail applications had been filed and served and urged that the defendants be allowed to continue enjoying the administrative bail earlier granted by the EFCC.

Justice Abike-Fadipe granted Felix Njoku temporary release on health grounds, ordering him to deposit his international passport with the court and report to the EFCC Lagos Directorate 1 office every Monday and Friday.

The matter was adjourned to March 10, 2026, for the hearing of the bail application and May 11, 12, 18, and 19, 2026, for the commencement of trial.

Justice Ismail Ijelu remanded Iloanusi in a correctional centre and adjourned the case until March 3, 2026, for the hearing of his bail application and commencement of trial.

Justice Dada allowed Ogbole-Inalegwu to continue enjoying the administrative bail earlier granted by the EFCC and adjourned the case until April 23, 2026, for 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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₦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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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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