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Suswam’s Alleged ₦3.1bn Fraud: Court Adjourns Trial Until July 16

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Justice Peter Lifu of the Federal High Court, Maitama, Abuja, on Wednesday, July 1, 2026, adjourned the trial of former Benue State Governor Gabriel Suswam until July 16, 2026, for the adoption of final written addresses, as the 11-year-old case enters its final stage.

Suswam, alongside his former Commissioner for Finance, Omadachi Okolobia, is facing prosecution by the Economic and Financial Crimes Commission (EFCC) on an amended 11-count charge bordering on alleged theft, criminal breach of trust, illegal award of contracts, and money laundering involving ₦3.1 billion, being proceeds from the sale of the Benue State Government’s shares in Benue Cement Company.

The EFCC alleged that both defendants committed the offences through Elixir Securities Limited and Elixir Investment Partners Limited.

While the prosecution called nine witnesses who testified against the defendants, Suswam was the sole witness for the defence.

The defendants were first arraigned in November 2015 before Justice Ahmed Mohammed of the Federal High Court, Maitama, Abuja. The matter was later transferred to Justice Okon Abang of the same court before his elevation to the Court of Appeal. Following a ruling by the Court of Appeal, the case was returned to Justice Mohammed.

The prosecution was on the verge of closing its case in December 2023 when Justice Mohammed was elevated to the Court of Appeal, prompting the reassignment of the matter to Justice Lifu for a fresh trial.

Accordingly, the defendants’ re-arraignment before Justice Lifu on Friday, March 21, 2025, marked their second arraignment before him. Although both defendants filed a no-case submission after the prosecution closed its case with the testimonies of nine witnesses, Justice Lifu, on Wednesday, July 23, 2025, dismissed the application, holding that the prosecution had established a prima facie case requiring the defendants to enter their defence.

The defence commenced on October 10, 2025.

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EFCC

EFCC Counsel Misquoted in ALGON Lawyer’s Fraud Allegation Judgment

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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.

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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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