EFCC
EFCC, FBI Move to Probe Alleged Diversion, Mismanagement of USAID Funds
The Economic and Financial Crimes Commission (EFCC) and the Federal Bureau of Investigation (FBI) have reaffirmed their commitment to deepening strategic collaboration, intelligence sharing and operational synergy in investigating the alleged diversion and mismanagement of funds provided under United States government-supported programmes.
The resolve was made on Thursday, September 10, 2026, when Macus Maccain, Assistant Law Enforcement Attaché, FBI, led a delegation on a courtesy visit to the office of the Acting Zonal Director, Lagos Zonal Directorate 2 of the EFCC, Assistant Commander of the EFCC (ACE I), Bawa Usman Kaltungo.
Speaking during the interactive session, Maccain said the visit was aimed, among other things, at strengthening existing cooperation in investigating alleged financial irregularities involving organisations that had received funds under programmes supported by the United States Agency for International Development (USAID), particularly those connected with HIV and tuberculosis interventions.
He said the engagement became necessary following the shutdown of some USAID programmes by the United States government in 2025.
According to him, the development subsequently raised concerns over the management of funds that remained with some implementing organisations after the programmes were discontinued.
He said some organisations were suspected of mismanaging or allegedly diverting funds that had been provided to them before the affected programmes were shut down.
“We are seeking stronger engagement with the EFCC to establish how the funds were managed and identify possible financial misconduct arising from the termination of the programmes,” he said.
Also speaking, Jeremy Kennon, Special Agent, Office of Inspector General, Department of State, said the United States and Nigerian governments had previously entered into an agreement to support the fight against HIV and tuberculosis, with the Department of State and the Nigerian government providing funding to organisations implementing related programmes.
He said some of the organisations had established one-stop centres for HIV treatment.
He, however, said subsequent reviews had uncovered concerns over inflated budgets and other financial irregularities in Kano State and several other states.
Kennon stressed that the concerns were not limited to Kano or Nigeria, noting that similar issues had been identified in different parts of the world.
According to him, the FBI was interested in developing a long-term working relationship with the EFCC on the matter, including reciprocal information sharing.
“We’d like to work with the EFCC on this on a long-term basis, and we’ll be sharing information with you, not just getting information from you,” Kennon said.
Responding, Kaltungo welcomed the delegation on behalf of the EFCC Chairman, Ola Olukoyede, and described the relationship between Nigeria and the United States as “a long-standing one, particularly in the area of law enforcement cooperation.”
He assured the delegation that the EFCC would investigate allegations surrounding the diversion or mismanagement of USAID funds across Nigeria and trace the movement of the funds to their ultimate beneficiaries.
According to him, tracing the funds and identifying the beneficiaries would enable investigators to establish “how the money was spent; whether it was deployed for the purposes for which it was provided and whether any portion was mismanaged or diverted following the cancellation of the programmes.”
Kaltungo also assured the delegation that the investigation would be coordinated and would cover all states where the affected organisations and programmes operated.
He added that the Commission would work with the FBI to follow the financial trail and establish the facts surrounding the alleged diversion of the funds.
EFCC
FBI Commends Olukoyede, EFCC for Support in Tackling Sextortion, Cybercrime
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.
EFCC
EFCC Photo News
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.


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