EFCC arraigns man over alleged N9.87milion fraud in Lagos
By Udeh Onyebuchi The Economic and Financial Crimes Commission (EFCC) yesterday arraigned Andrew Odekina, before the Special Offences Court sitting in Ikeja, Lagos, over an alleged fraud involving N9,873,215. Odekina
By Udeh Onyebuchi
The Economic and Financial Crimes Commission (EFCC) yesterday arraigned Andrew Odekina, before the Special Offences Court sitting in Ikeja, Lagos, over an alleged fraud involving N9,873,215.
Odekina was brought before Justice Mojisola Dada by the Lagos Zonal Directorate 1 of the EFCC, Ikoyi, on a one-count charge bordering on the retention of proceeds of criminal conduct.
According to the charge, the defendant, alongside other individuals still at large, allegedly received and retained the sum in his First City Monument Bank (FCMB) account in 2025.
The anti-graft agency told the court that the funds were part of N3,091,441,849 said to have been fraudulently obtained from customers’ accounts through unauthorised access and illicit transactions on banking applications.
The prosecution stated that the offence contravenes Section 17(a) and (b) of the EFCC (Establishment) Act, 2004.
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Odekina, however, pleaded not guilty to the charge when it was read to him in court.
Following the plea, prosecution counsel, Babatunde Sonoiki, requested that the court fix a date for trial and remand the defendant in a correctional facility pending the determination of the case.
The defendant was not represented by legal counsel during the proceedings.
Justice Dada subsequently adjourned the matter until May 11, this year, for trial and ordered that the defendant be remanded in a correctional centre.
