EFCC
Ishaku’s Alleged N27bn Fraud: How I Disbursed Local Government Funds on Orders of Ex-Governor’s Appointees — Witness
The trial of a former governor of Taraba State, Darius Dickson Ishaku, and a former Permanent Secretary in the Bureau for Local Government and Chieftaincy Affairs in the state, Bello Yero, continued on Monday, June 15, 2026, before Justice S.C. Oriji of the Federal Capital Territory High Court, Maitama, Abuja, with the Third Prosecution Witness, PW3, Taiwo Johns, informing the court that money from local governments in the state was paid into his private account on the instruction of Yero and other officials of the Bureau for Local Government and Chieftaincy Affairs for disbursement.
He further informed the court that he usually withdrew the money in cash.
Ishaku, the first defendant, is being prosecuted by the Economic and Financial Crimes Commission (EFCC), alongside Yero, on a 15-count charge bordering on criminal breach of trust, conspiracy, and conversion of public funds amounting to N27 billion.
Speaking on how the EFCC invited him and traced the alleged funds to the account of his company, P3 International Account, the witness stated that he had used the company account to manage his farming business before joining the civil service as an Assistant Cashier in the state’s Bureau for Local Government and Chieftaincy Affairs.
He further disclosed that John Columba, former Chief Cashier; Babangida Hassan, former Director of Finance; and former Permanent Secretary, Bello Yero, instructed him, in the course of his duties, to provide his account details and await instructions on how to disburse any funds paid into the account.
“They asked me to submit my account number so that some money could be sent to me and instructed me to await further directions on what to do with the money. A few days later, some money was sent to the account by the local government. When the money entered my account, I reported to my chief cashier, John Columba, before reporting to Babangida Hassan, who in turn reported to Bello Yero before I was directed on where to pay the money,” he said.
When asked by prosecution counsel, Rotimi Jacobs, SAN, how he disbursed the funds, the witness stated:
“Sometimes, when money comes into the account, I withdraw it or leave it in the bank and wait for further instruction. At times, I am given an account number into which the money should be paid, while on some occasions, Lawal, P.A. to His Excellency, comes and I hand the money over to him.”
He further testified that:
“Sometimes the instruction is given by the Permanent Secretary, Alhaji Yero, the second defendant; the Director of Finance, Babangida Hassan; and sometimes by the cashier of the local government who lodges the money into my account, after which I report to my immediate boss.”
He also informed the court that he was often given account numbers for the disbursement of funds. He disclosed that N3 million from funds received from a local government on November 20, 2017, was paid to the Second Prosecution Witness, PW2, Prince Onwuzuruike, alongside an additional N2,250,000, bringing the total amount paid to N5,250,000 in one day, based on instructions.
He further disclosed that he received N7,750,000 on February 6, 2018, and was instructed to transfer N6,250,000 to Onwuzuruike.
According to him, on April 11, 2018, Columba, the Chief Cashier of the local government, paid sums of N5 million, N1.7 million, and N1.8 million into his account, respectively, and that a cash withdrawal was made on April 16, 2018, based on the instruction of the Director of Finance, Babangida Hassan.
He further testified that he received a credit of N4,767,386.41 on April 26, 2018, and on the same date, transferred N4,780,000 and N3,220,000 to Prince Onwuzuruike. He added that there were further cash deposits of N5,650,000 and N4,500,000 on April 27, 2018, with instructions to transfer N4,780,000 and N3,370,000 to Onwuzuruike.
Justice Oriji adjourned the matter until July 7, 2026, for continuation of trial.
EFCC
EFCC Counsel Misquoted in ALGON Lawyer’s Fraud Allegation Judgment
The Economic and Financial Crimes Commission (EFCC) views with grave concern the misrepresentation of the reaction of its counsel, Larry Peters Aso, to the judgment delivered by Justice Suleiman Belgore of the Federal Capital Territory (FCT) High Court in a fundamental rights enforcement suit filed by legal practitioner Dr Ted Iseghoi-Edwards.
The judge reportedly cleared Iseghoi-Edwards of alleged fraud relating to services rendered to the nation’s 774 local government councils. He also disagreed with the EFCC’s position regarding its investigation report on the London-Paris Club refunds.
Reacting to the judgment, Aso thanked the judge for his industry in attending to the matter and stated that the EFCC would apply for a Certified True Copy (CTC) of the judgment “and study it to know the necessary steps to take.”
He did not make any statement about an EFCC report from 2024 concerning allegations that Iseghoi-Edwards “fraudulently obtained the judgments, because he instituted proceedings against the Federal Government in the United States.”
Additionally, claims that Aso said the report was prepared under pressure from higher authorities “after Iseghoi-Edwards assigned his promissory notes to third parties in the United States, where they threatened to sue the Federal Government” are entirely mischievous and amount to deliberate character assassination.
This framing was intended to insinuate that extraneous influences affected the matter, which was not the case.
The record of proceedings from Tuesday, October 20, 2026, when the judgment was delivered, can be accessed to verify Aso’s reaction.
The Commission urges the media to be more objective in reporting court proceedings in the interest of justice.
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.


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