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EFCC Arraigns Bankers, Accomplices For Alleged N8.5bn Fraud

The Economic and Financial Crimes Commission has arraigned three Lagos bankers and four accomplices before the Federal High Court in Lagos, over their alleged involvement in an N8.5bn fraud scheme.
The bankers — Samuel Ihechukwu Asiegbu, Fabian Onyeimachi, and Kingsley Ejim Kelechi — were arraigned alongside Hannah Okunlola Adesokan, Hamza Zakariya, Achionu Ubaku, and Sunday Osademe on eight counts bordering on conspiracy and obtaining money under false pretence.
According to a statement issued Monday by the EFCC spokesperson Dele Oyewale, the accused persons were said to have manipulated a bank’s internal systems and altered critical banking data in January 2025, causing a financial loss totalling N8,568,090,500.
READ ALSO: Naira Abuse: Don’t Condemn Tompolo Over Mere Allegation, Says EFCC Boss
The EFCC alleged that the accused conspired with others still at large to carry out the fraudulent transactions, which were designed to confer economic benefits on themselves.
According to the EFCC, the defendants committed an offence contrary to Section 27(1)(a) of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015.
When the charges were read to them, however, all the defendants pleaded not guilty.
Following their plea, EFCC counsel, Aso Peters, requested the court to set a trial date and remand the defendants in the custody of the Nigerian Correctional Service.
READ ALSO: EFCC Releases VeryDarkMan After Five Days Of In Detention
However, the defence counsel, representing Hannah Okunlola, urged the court to remand her in EFCC custody due to concerns over her health condition.
Justice Daniel Osiagor granted the prosecution’s request and adjourned the case to June 6, 2025, for trial.
According to the EFCC statement, five of the defendants were remanded in the custody of the Nigerian Correctional Service, while Kingsley Ejim Kelechi was allowed to continue on his existing bail.
Hannah Okunlola was ordered to remain in EFCC custody pending further hearing.
News
Ex-Edo Gov Obaseki Reacts As His Cousin Is Beaten, Stripped
The immediate past governor of Edo State, Godwin Obaseki, has reacted to the attack on Don Pedro Obaseki, the Chief Executive Officer of Osamudia Farms.
Don Pedro Obaseki, a cousin to the immediate past governor was attacked at Uwa Primary School where he went to play football.
In a viral video, Pedro Obaseki is seen kneeling at the Oba of Benin Palace gate, before he was dragged into the palace where he was asked to crawl before some chief walked up to the scene and rescued him.
Reacting, the ex-Edo governor described the act as a “grave violation of fundamental human rights and a reckless disregard for the rule of law.”
READ ALSO: Obaseki Beaten, Stripped In Edo
Obaseki, said: “I call on security agencies to immediately investigate this matter thoroughly and transparently, identify those responsible for this barbaric act and ensure they are held accountable in accordance with the law.
“A situation where thugs and non-state actors appear to freely take the law into their own hands on behalf of high-profile individuals and those in positions of authority can only result in one outcome, a degeneration into a state of anarchy, which will do no one no good.”
He further charged, “I urge human rights organizations, civil society groups, and all well-meaning Nigerians to lend their voices and speak out firmly against this injustice and gross violation of human rights.”
News
New Tax Laws: Suspend January 2026 Implementation — Senator Ndume Tells Tinubu
Former Senate Leader, Ali Ndume has appealed to President Bola Ahmed Tinubu to suspend the January 1, 2026, implementation of the country’s new tax laws amid growing controversy.
The federal lawmaker made the appeal in a statement he issued on Wednesday in Abuja.
This comes as the Nigerian Bar Association demanded the suspension of the implementation.
Recall that a member of the House of Representatives, Abdussamad Dasuki, had last week called the Parliament’s attention to alleged alteration to the tax laws.
READ ALSO:FIRS Confirms NIN As Tax ID
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, in an interview on Arise Television on Wednesday, called for calm over claims of alterations in tax laws and urged Nigerians to allow lawmakers to complete their investigation before drawing conclusions.
Speaking on the ongoing controversy about the tax laws, Ndume noted that proceeding with the implementation without getting to the root of the alleged forgery will create a legitimacy challenge for the tax laws.
His statement read, “With the controversy surrounding it, the President should constitute a team to verify the veracity of the claim and act accordingly.
“As the responsive leader that he has always been, he should look at it to find out if the copy that was signed and the claim of alterations are genuine so that he will do the needful to bring the controversy to rest.
READ ALSO:US Threatens To Sanction Countries That Vote For Shipping Carbon Tax
“If not, the controversy will continue.” That is to say, the tax law will not be implemented, because you can’t build on nothing.
“So, Mr. President should suspend the implementation until the issues are resolved because so many civil society organizations, the Arewa Community, and the Nigerian Bar Association are saying that he should withdraw the tax law and investigate the allegation of forgery.”
“Therefore, Mr President should get to the root of the allegation of forgery. The small committee that will be set up should look into it while the House of Representatives does its own.”
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Tambuwal Engages Security Agencies As US Airstrikes Hit Own LG In Sokoto
Senator Aminu Waziri Tambuwal, representing Sokoto South, has called on residents of Sokoto State to remain calm following reports of United States airstrikes targeting ISIS-linked terrorists on Christmas Day.
In a statement posted on his personal X account, the former Sokoto State governor said he was aware of reports concerning the airstrikes, which marked a direct US military action in Nigeria based on intelligence about ISWAP threats, and urged citizens to remain law-abiding while authorities clarify the situation.
“I have noted the reports concerning an airstrike carried out as part of ongoing counterterrorism efforts through cooperation between the federal government of Nigeria and the United States,” Tambuwal said. “I urge our communities to remain calm and law abiding as relevant authorities clarify the circumstances surrounding the operation.”
READ ALSO:US Dept Of War Shares Video Of Air Strikes In Nigeria
Tambuwal assured constituents that he was engaging with relevant security agencies to obtain full details of the operation and to ensure that necessary things were in place to protect civilians.
“I wish to assure the people of Sokoto South that I am in active talks with relevant security authorities to obtain full details and ensure that all necessary safeguards are upheld,” he added.
The senator emphasised that counterterrorism operations were aimed strictly at criminal and terrorist elements threatening public safety, not innocent civilians who are often victims of insecurity. He stressed that the protection of civilian lives must remain central to all legitimate security actions.
He further called on community leaders, traditional institutions and residents to work closely with security agencies by sharing credible intelligence and resisting misinformation capable of causing fear or heightening tension.
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