EFCC
How EFCC Stopped a Contractor from Using Substandard Transmission Lines to Execute Power Contract – Olukoyede
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed how the Commission intervened in 2024 to stop a contractor mobilised by the Ministry of Power from executing a contract with fake and substandard transmission lines.
He made this disclosure in Abuja on Wednesday, March 25, 2026, when the Managing Director/Chief Executive Officer (MD/CEO) of the Nigerian Electricity Management Services Agency (NEMSA), Olusegun Adesayo, paid him a courtesy visit at the Commission’s corporate headquarters.
According to him, the contractor was investigated by the EFCC and found to have imported fake transmission lines, which could have posed a danger to the entire nation.
“In 2024, we had cause to write to the Ministry of Power to blacklist a contractor when we investigated and confirmed that he imported fake and substandard power transmission lines for the execution of a contract awarded to him,” he said.
He noted that the intervention by the Commission saved the nation from a potential disaster and possible loss of lives and property.
Olukoyede assured the NEMSA delegation of the readiness of the EFCC to work with the agency in ensuring better electricity supply across the country.
“We believe that we can work together to improve electricity supply in Nigeria and ensure that all key stakeholders in the industry comply with the rules and laws guiding the sector. When we do this, we will see improvements in power supply in Nigeria. Our mandate covers economic sabotage, not only financial crimes,” he said.
The EFCC boss also urged the delegation to pay special attention to procurement and contract fraud, assuring them that the Commission has adequate competence in those areas.

Earlier in his remarks, Adesayo stated that the visit was to foster collaboration with the Commission toward ensuring safety standards in the power industry and to emphasise the agency’s commitment to transparency and accountability.
He further stressed that the agency is mandated to enforce technical standards and regulations in the electricity sector, thereby ensuring safety, reliability, and quality of electrical materials nationwide.
Adesayo sought EFCC’s collaboration primarily in the areas of intelligence sharing, procurement irregularities, investigation of substandard electrical materials, contract abuse, regulatory compliance, as well as public sensitisation and capacity building.
He highlighted the critical role of regulation and enforcement in protecting public infrastructure and resources.
“We recognise that effective regulation and anti-corruption enforcement are very important. Therefore, we seek a coordinated effort to safeguard our public infrastructure and natural resources. We also seek your guidance on strengthening our internal control mechanisms,” he said.
He assured Olukoyede of ongoing internal reforms in NEMSA aimed at improving probity within the agency and reaffirmed its commitment to aligning with the Federal Government’s anti-corruption agenda.
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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