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EFCC

BREAKING: EFCC Appeals Omatsuli, Firms’ Acquittal Over Alleged ₦3.6bn Money Laundering

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The Economic and Financial Crimes Commission (EFCC) has filed a comprehensive appeal at the Court of Appeal, Lagos Division, challenging the acquittal of former Niger Delta Development Commission (NDDC) Executive Director, Engr. Touyo Omatsuli, and three others over an alleged ₦3.645 billion money laundering scheme.

Also listed as respondents in the appeal are Don Parker Properties Limited, Francis Momoh, and Building Associates Limited.

The appellant, EFCC, is represented by a team of counsel led by E.E. Iheanacho, SAN, alongside Bilikisu Bala Buhari, Esq., Emenike Mgbenmele, Esq., O.S. Ujam, Esq., Famen Anum, Esq., M.A. Babatunde, Esq., and Lydia Ebenezer, Esq.

The appeal follows the judgment of the Federal High Court in Lagos, presided over by Justice Daniel Osiagor, which discharged and acquitted the defendants on all 46 counts contained in an amended charge bordering on money laundering, conspiracy, and failure to comply with statutory reporting obligations.

In its Notice of Appeal, the EFCC contended that the trial court erred in law and failed to properly evaluate the extensive evidence presented during the trial, including the testimonies of 16 witnesses and several documentary exhibits.

The anti-graft agency argued that the lower court disregarded binding decisions of the Court of Appeal delivered in earlier interlocutory rulings arising from the same case, particularly on the issue of a no-case submission, where the appellate court had held that a prima facie case had been established against the defendants.

According to the EFCC, the trial judge wrongly concluded that there was no evidence linking the respondents to the alleged offences, despite prior appellate findings affirming the credibility and sufficiency of the prosecution’s evidence.

The Commission further maintained that the trial court mischaracterised the nature of the funds traced to the first respondent, insisting that the sum of ₦3.645 billion paid by a contractor, identified as PW4, constituted unlawful gratification rather than legitimate transactions.

The EFCC argued that the evidence before the court showed that the funds were paid as “appreciation” to members of the NDDC board and were subsequently laundered through proxies and corporate entities.

It stated that the payments were funnelled through Building Associates Limited and other accounts before being used to acquire high-value properties, thereby disguising their origin.

In challenging the judgment, the Commission outlined what it described as a coordinated laundering scheme involving the respondents.

It alleged that the first respondent nominated accounts for the receipt of the funds, while the third and fourth respondents facilitated transfers and conversions.

The funds were said to have been used to acquire properties in the names of corporate entities, with some transactions converted into foreign currency to conceal their origin.

The EFCC also claimed that the respondents engaged in cover-up actions after investigations commenced, including restructuring company ownership, relinquishing shares, and creating backdated documents to justify the transactions.

The Commission faulted the trial court for relying heavily on selected portions of cross-examination while ignoring the totality of the prosecution’s case.

It argued that there were no material contradictions in the testimonies of key witnesses, including PW1 and PW4, and that their evidence was corroborated by documentary exhibits.

The EFCC further maintained that the lower court failed to properly interpret anti-corruption laws, including provisions of the Corrupt Practices and Other Related Offences Act and the Code of Conduct Bureau and Tribunal Act, which prohibit public officers from receiving benefits linked to official duties.

On the issue of criminal intent, the EFCC argued that the trial court adopted an unduly narrow approach by insisting on direct proof of knowledge.

It maintained that, under the Money Laundering (Prohibition) Act, knowledge can be inferred from surrounding circumstances and patterns of conduct.

According to the Commission, evidence of unusual financial flows, absence of legitimate business relationships, and subsequent concealment efforts clearly established that the respondents knew or ought to have known that the funds were proceeds of unlawful activity.

The EFCC also challenged the trial court’s finding that conspiracy was not proved, arguing that the law does not require direct evidence of an agreement.

It submitted that the coordinated actions of the respondents, as revealed through witness testimonies and financial records, were sufficient to infer a common unlawful design.

The Commission further insisted that the companies involved qualified as Designated Non-Financial Institutions under the Money Laundering (Prohibition) Act and were therefore obligated to report suspicious transactions—obligations which it said were breached.

The EFCC is urging the Court of Appeal to set aside the judgment of the Federal High Court in its entirety, allow the appeal, and enter a conviction against the respondents.

It also asked the appellate court to make any further orders deemed appropriate in the circumstances of the case.

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EFCC

Alleged $6bn Mambilla Project Fraud: Witness Clarifies Certification of FEC Meeting Extracts

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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.

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EFCC

EFCC Arraigns Three Over Alleged ₦10bn Fidelity Bank Fraud in Lagos

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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.

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EFCC

EFCC Arraigns Blessing CEO for Fresh Alleged ₦69.1m Fraud

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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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