Connect with us

EFCC

EFCC Arraigns Brookfield Group Holdings CEO, Olatunji Adebola, over Alleged ₦990m Fraud

Published

on

The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, on Thursday, August 20, 2026, arraigned the Chief Executive Officer (CEO) of Brookfield Group Holdings, Olatunji Oluwaseun Adebola, also known as Whitelion, before Justice C. Ngozi of the Federal Capital Territory (FCT) High Court sitting in Maitama, Abuja, over an alleged ₦990,000,000 (Nine Hundred and Ninety Million Naira) fraud.

Adebola, alongside his company, Brookfield Mining Limited, was arraigned on a four-count charge bordering on conspiracy, obtaining money by false pretence and dishonest misappropriation of funds amounting to ₦990 million.

His arraignment followed a petition dated April 6, 2026, filed by a petitioner through its legal counsel, BB Dan Habu & Co. Solicitors, alleging that the defendants obtained the funds from its client under the guise of facilitating a foreign exchange transaction worth $750,000 (Seven Hundred and Fifty Thousand United States Dollars).

During the proceedings on Thursday, the defendant pleaded not guilty to the charges preferred against him.

Following his plea, prosecution counsel, Oluwakemi Yemi-Makinde, prayed the court for a trial date and the remand of the defendant in a correctional facility.

The defence counsel, however, informed the court of a pending application for bail on behalf of the defendant.

Ruling on the bail application, Justice Ngozi ordered the defendant to produce two sureties, one of whom must be a civil servant on Grade Level 15, while the other must be a civil servant who owns landed property in Abuja.

Justice Ngozi thereafter adjourned the case until September 15, 2026.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

EFCC

FBI Commends Olukoyede, EFCC for Support in Tackling Sextortion, Cybercrime

Published

on

The Federal Bureau of Investigation (FBI) has commended the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, and the Commission for their efforts and vital role in Operation Artemis, a joint international effort to disrupt financially motivated sextortion networks targeting minors.

The commendation was conveyed in a letter signed by FBI Director Kash Patel, who praised the Commission for its collaboration with the Bureau in the arrest and extradition of suspects facing federal charges in the United States.

In the letter addressed to Olukoyede, Patel acknowledged the Commission’s contribution to the operation, stating that “the Economic and Financial Crimes Commission, EFCC, has played a vital role in Operation Artemis, a joint effort focused on disrupting financially motivated sextortion rings targeting juveniles.”

He said that, under Olukoyede’s leadership, the EFCC designated personnel to support the investigations and facilitate the transfer of suspects from Nigeria to face prosecution in the United States.

Specifically, the FBI Director commended the EFCC for apprehending Adebola Festus Adekunle and Mudashiru Afeez Olawale, who were indicted in the United States in 2023 over allegations relating to the sexual exploitation and extortion of minors.

The two suspects were extradited to the United States in August 2026, with the EFCC facilitating the process following investigations and extradition proceedings. They are facing federal charges relating to sexual exploitation in cases involving the deaths of minors.

Patel noted that the successful outcome of the cases would not have been possible without the EFCC’s assistance and commitment to international law enforcement cooperation.

“The successful outcome of these cases would not have been possible without your assistance and dedication to international law enforcement collaboration,” he said.

The FBI Director further expressed appreciation to Olukoyede and the Commission for their commitment to justice and continued cooperation, while expressing optimism about strengthening the partnership between both agencies.

“Please accept my sincere appreciation for your commitment to justice and steadfast cooperation. I look forward to the continued partnership with the EFCC,” he stated in the letter.

The extradition of Adekunle and Olawale followed FBI investigations into separate sextortion schemes targeting male minors in the United States. The investigations linked the alleged activities to two teenage victims who died by suicide after being subjected to online sexual exploitation and extortion.

Continue Reading

EFCC

EFCC Photo News

Published

on

The Japanese Ambassador-Designate to Nigeria, His Excellency, Hideo Suzuki Paid a Courtesy Visit to the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede in his office today, October 28, 2026. He was accompanied on the visit by First Secretary, Security, Yuji Murakami and Senior Information Analyst, Dogara Ankut.

Continue Reading

EFCC

₦2.7bn Fraud: Court Jails Former Banker for 39 Years

Published

on

Justice O. O. Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, October 27, 2026, sentenced a former banker, Christopher Jackson Edeh, to a total of 39 years’ imprisonment for his involvement in a ₦2.7 billion fraud prosecuted by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC).

Edeh, who was arraigned on February 28, 2024, faced nine counts bordering on fraudulent false accounting and unauthorised access to a computer system.

The charges alleged that he altered the bank account details of several customers and government-related entities, including the Kano State Government Power Intervention Fund, NNPC Trading Limited, Stallion Vision Ltd, the Lagos State Government Blue Line, the State Contributory Pension Account and Chukwuemeka Odumegwu Ojukwu University, with intent to defraud.

During the trial, prosecuting counsel, Z. B. Atiku, called three witnesses and tendered several documents in evidence to establish the case against the defendant. The defence, in turn, called one witness.

In her judgment, Justice Abike-Fadipe held that the prosecution had proved its case beyond reasonable doubt and consequently convicted Edeh on all nine counts.

The court sentenced him to five years’ imprisonment without an option of fine on each of counts one to seven, bordering on fraudulent false accounting, and two years’ imprisonment without an option of fine on each of counts eight and nine, relating to unauthorised access to a computer system with intent to facilitate the commission of crimes.

The court ordered that all the sentences run concurrently.

Continue Reading

Trending

Copyright © 2025 JaraJournal.