EFCC arraigns two men over alleged £110,000, N500m fraud in Lagos
The Economic and Financial Crimes Commission, EFCC, has arraigned two men, Ali Bala and Yusuf Umar Anka, before the Lagos State High Court sitting in Ikeja over alleged financial crimes involving £110,000 and N500 million. The defendants were brought before Justice Olukayode Ogunjobi on 10 counts bordering on money laundering, stealing and retention of stolen […] EFCC arraigns two men over…
The Economic and Financial Crimes Commission (EFCC) has formally charged two men, Ali Bala and Yusuf Umar Anka, before the Lagos State High Court for alleged financial crimes totaling £110,000 and N500 million. Bala and Anka appeared before Justice Olukayode Ogunjobi on 10 counts, including money laundering, stealing, and retaining stolen property.
The charges specifically allege that the duo conducted financial transactions in 2025 to conceal the source of £110,000 allegedly obtained through unlawful means. EFCC spokesperson, Dele Oyewale, confirmed these details in a statement. Both defendants pleaded not guilty, and EFCC counsel requested an adjournment to allow for trial preparations.
The defendants' legal counsel informed the court that bail applications had already been filed, and Justice Ogunjobi set September 8 for the hearing of these applications, ordering the defendants to remain in EFCC custody until then.
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- EFCC arraigns two for alleged £110,000, ₦500m fraud in Lagos ripplesnigeria.com
