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Court Reserves Ruling on Final Forfeiture of Malami’s 57 Properties

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A Federal High Court sitting in Abuja and presided over by Justice Joyce Abdulmalik on Tuesday, May 26, 2026, reserved ruling on the final forfeiture of 57 properties linked to former Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, in a case instituted by the Economic and Financial Crimes Commission (EFCC).

At Tuesday’s proceedings, EFCC counsel, J.S. Okutepa, SAN, informed the court that the matter was scheduled for the hearing of the final forfeiture application concerning the properties, as well as other pending applications.

In response, defence counsel, Adedayo Adedeji, SAN, drew the court’s attention to 16 motions on notice seeking to set aside the interim forfeiture order issued by the court on January 6, 2026.

The EFCC opposed the motions with counter-affidavits, urging the court to discountenance the requests by the defendant. Some of the applications filed by the defendant sought an extension of time to show cause why the properties listed in the schedule should not be forfeited to the Federal Government.

Arguing the applications, Adedeji submitted:

“My Lord, we filed an application dated April 21, 2026, for an extension of time and a counter-affidavit to oppose the applicant’s motion for final forfeiture, which was deposed to by Abubakar Malami, urging the honourable court to refuse and dismiss the order for final forfeiture, as the properties are not proceeds of crime but merely allegations founded on suspicion.”

Responding, Okutepa said:

“My Lord, we also filed a 77-paragraph affidavit deposed to by Adebayo Daniels, an EFCC operative, on May 5, 2026, accompanied by eight exhibits and a written address, in addition to a reply on points of law. We rely on all these processes in urging My Lord to hold that their application has woefully failed to show cause, and we ask Your Lordship to grant the request as prayed and order the forfeiture of the properties to the Federal Government.”

He further urged the court to discountenance the requests of other respondents opposing the forfeiture applications.

Justice Abdulmalik adjourned the matter to July 2, 2026 for judgment.

Dele Oyewale
Head, Media & Publicity
May 26, 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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