EFCC
EFCC, Malami Await Court Verdict as Abuja High Court Fixes July 10 for Judgment in 57-Property Forfeiture Case
The Federal High Court in Abuja has fixed July 10, 2026, to deliver judgment in the suit filed by the Economic and Financial Crimes Commission (EFCC) seeking the final forfeiture of 57 properties allegedly linked to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami.
The case, which came up on Monday before Justice Joyce Abdulmalik, was originally slated for judgment after both parties adopted their final written addresses and concluded their arguments on May 26. However, the court deferred its decision and adjourned the matter until July 10.
The EFCC is asking the court to permanently forfeit the 57 properties to the Federal Government, arguing that they are reasonably suspected to be proceeds of unlawful activities.
During the earlier proceedings, counsel to the anti-graft agency, Jibrin Okutepa, SAN, urged the court to grant the Commission’s application. He relied on a 47-paragraph affidavit and 46 documentary exhibits filed in support of the motion, maintaining that the evidence before the court justified the permanent forfeiture of the assets.
Okutepa argued that Malami and the other respondents had failed to provide satisfactory explanations regarding the legitimate sources of the properties. He therefore urged the court to uphold the EFCC’s application and order that the assets be permanently forfeited to the Federal Government.
Opposing the application, Malami’s counsel, Adedayo Adedeji, urged the court to dismiss the suit and set aside the interim forfeiture order that had earlier been granted.
Relying on a counter-affidavit sworn to by Malami, Adedeji argued that the EFCC’s case was based largely on suspicion rather than concrete evidence.
“The court deals with evidence, not suspicion,” he submitted.
The defence further argued that the anti-graft agency relied heavily on extra-judicial statements that should ordinarily be tested through cross-examination during a criminal trial. Counsel noted that the court had previously declined to hear oral evidence in the proceedings, making it inappropriate to rely on such statements as the basis for a final forfeiture order.
Adedeji also maintained that several of the disputed properties were acquired before Malami’s appointment as Attorney-General of the Federation, insisting that such assets could not reasonably be classified as proceeds of crime.
Lawyers representing the other respondents and companies listed in the suit also aligned with Malami’s position, urging the court to reject the EFCC’s application for permanent forfeiture.
Justice Abdulmalik subsequently adjourned the matter until July 10, 2026, when the court is expected to determine whether the disputed properties should be permanently forfeited to the Federal Government or returned to the respondents.
Meanwhile, Malami is also facing two separate criminal cases before another judge of the Federal High Court in Abuja. One charge relates to alleged money laundering, while the other concerns the alleged unlawful possession of firearms. Both cases remain pending before the court.
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.
-
EFCC7 months agoAlleged ₦1.4bn Oil Fraud: EFCC Re-Arraigns Nadabo Energy Boss, Ali Peters, Firm in Lagos
-
EFCC2 weeks agoAlleged ₦1.06bn Fraud: EFCC Secures Court Order to Freeze Suspect’s Account
-
News8 months agoAgain, Dangote Refinery Hikes Petrol To ₦1,175/Litre, Diesel To ₦1,620/Litre — Report
-
News9 months agoSenate Retains Two-Year Jail Term for PVC Trading, Raises Fine to ₦5m
-
EFCC4 weeks agoEFCC Hands Over Recovered ₦107m to Property Fraud Victim in Lagos
-
EFCC8 months agoLagos Court Jails Man 18 Months for Defrauding Sterling Bank of ₦30m
-
Economy8 months agoNaira Rebounds To ₦1,363.5/$
-
Economy8 months agoNaira Closes in the Red at ₦1,341.35/$
