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Alleged ₦8.7bn Money Laundering: Court Adjourns Ex-AGF Malami’s Trial Till June 23

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Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja, on Friday, May 22, 2026, adjourned till June 23, 2026, the alleged ₦8.7 billion money laundering trial involving former Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, his wife, Hajia Bashir Asabe, and son, Abubakar Abdulaziz Malami.

The defendants are being prosecuted by the Economic and Financial Crimes Commission (EFCC) on a 16-count charge bordering on conspiracy, procuring, disguising, concealing, and laundering proceeds of unlawful activities to the tune of ₦8,713,923,759.49 (Eight Billion, Seven Hundred and Thirteen Million, Nine Hundred and Twenty-Three Thousand, Seven Hundred and Fifty-Nine Naira, Forty-Nine Kobo), contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.

At the resumed sitting on Friday, prosecution counsel, J.S. Okutepa, SAN, informed the court that the matter was slated for continuation of hearing, but the prosecution had been served with a letter seeking adjournment by the defence.

According to him, “This matter is slated today for continuation of hearing. We were served with a letter addressed to the Deputy Chief Registrar of this court on May 20, 2026, by the law firm of J.B. Daudu & Co. We intended to oppose the application, but we do not want to stall the proceedings.”

He further urged the court to take note of the number of adjournments already sought by the defendants.

“We are not opposing, but we want My Lord to note that the defendants have applied for adjournment once, meaning they have four adjournments left,” he said.

In her ruling, Justice Abdulmalik agreed with the submission of the prosecution, noting that the absence of the lead defence counsel should not ordinarily stall proceedings, especially considering the number of lawyers in his chambers.

“I do concur with you, learned senior counsel, that the defence counsel indeed has so many lawyers in his chambers.

“There is no reason to stall proceedings today. Be that as it may, since they have room for five adjournments, we will grant them this one,” the judge held.

The matter was thereafter adjourned till June 23, 2026, for continuation of trial at the instance of the senior defence counsel.

Dele Oyewale
Head, Media & Publicity
May 22, 2026

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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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EFCC

₦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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