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EFCC Warns Lawyers Against Charging Clients in Foreign Currencies

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The Economic and Financial Crimes Commission, EFCC, has called on legal practitioners across the country to desist from the illegal and unethical practice of charging clients in foreign currencies.

The call was made on Friday, September 11, 2026, in Lagos by the Acting Zonal Director of the Lagos Zonal Directorate 2 of the EFCC, Ikoyi, Assistant Commander of the EFCC, ACE I Bawa Usman Kaltungo, when he received a delegation of the Nigerian Bar Association, NBA’s Lagos Task Force on Illegal Practice of Law, led by its Head, Moshood Abiola, on a courtesy visit to his office.

Speaking during the interactive session, Kaltungo expressed concern over the activities of lawyers who engage in illegal and unethical practices, stressing that the Commission would not hesitate to prosecute anyone found culpable.

According to him, the Directorate is currently handling two cases involving lawyers who allegedly charged their clients in foreign currencies.

He said: “We are also worried about the activities of lawyers who are involved in illegal and unethical practices.

“We have two cases of lawyers who were found to have charged fees in dollars. This is unethical and illegal, as the Naira is the country’s legal tender.

“We usually don’t want to have issues with members of the NBA. However, some lawyers are pushing us. Any lawyer we find culpable of charging clients in foreign currencies will be prosecuted.”

The Acting Zonal Director also cautioned lawyers against invoking the name of the EFCC to impose excessive charges on clients.

He said although lawyers had the right to determine their professional fees, they should not misrepresent the Commission or falsely claim that the fees demanded from clients were required by the EFCC.

“Also, lawyers should stop name-dropping the EFCC to overcharge their clients.

“They have the right to charge their clients as much as they like, but they shouldn’t drag the EFCC into it. They should desist from all these unethical practices,” he said.

Earlier, Abiola commended the Commission for its recent prosecution and conviction of a fake lawyer, describing the process as “swift and reassuring.”

He said the NBA Task Force had several cases involving lawyers allegedly engaged in malpractice, hence the need for stronger collaboration with the EFCC to ensure that legal practitioners found culpable of criminal conduct were prosecuted.

He said: “We appreciate the EFCC for the recent prosecution of a fake lawyer. It was swift, and we are glad that the EFCC was able to get the court to convict him.

“However, recently, we have a case involving a lawyer who has been engaging in malpractice. We have several cases like that, and we would like to strengthen our collaboration with the EFCC so that these individuals can be prosecuted and made to face the law.”

Reacting to one of Abiola’s remarks, ACE I Orhieoghene Adewunmi of the Department of Legal and Prosecution, Lagos Zonal Directorate 2, urged the NBA to ensure that appropriate publications were made concerning lawyers found culpable of unethical practices.

She said such publicity would help members of the public identify practitioners who had been sanctioned for professional misconduct and avoid engaging their services.

In the same vein, ACE II Henry Anasoh, also of the Department of Legal and Prosecution, Lagos Zonal Directorate 2, raised concerns over practices by some legal practitioners who assist suspects in obstructing investigations or frustrating the administration of justice.

He said there had been instances of lawyers helping clients to forge documents for bail purposes, including cases where purported medical records were presented in support of bail applications.

Anasoh also expressed concern over cases in which lawyers approach courts to restrain the EFCC from investigating or prosecuting their clients, including through fundamental rights enforcement suits arising from invitations issued by the Commission.

He, therefore, urged the NBA to assist the EFCC in its efforts to rid the legal profession of “unscrupulous practitioners”, stressing that the conduct of a few lawyers should not undermine the integrity of the profession.

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EFCC

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

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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.

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EFCC

EFCC Photo News

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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.

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

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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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