Metro
EFCC Arraigns Three Company Staff For Alleged Fraud Of ₦174m

The Economic and Financial Crimes Commission, EFCC, Uyo Zonal Directorate, has arraigned Akaninyene Enefiok Archibong, Sylvanus Edet Akpan, and Glory Enefiok Archibong before Justice Maurine Onyetenu of the Federal High Court sitting in Uyo, Akwa Ibom State.
EFCC spokesperson Dele Oyewale who disclosed this in a statement on Thursday said they were arraigned on Friday, November 7, 2025 on twenty-two count charges bordering on stealing, conspiracy, money laundering and criminal diversion to the tune of ₦174,226,610 (One hundred and Seventy-four million, Two hundred and Twenty-six thousand, Six hundred and ten Naira).
He said, “One of the charges reads: “That you, Akaninyene Enefiok Archibong sometime between January and December 2022, in Nigeria, within the jurisdiction of this Honourable Court, fraudulently took possession of the sum of ₦58,600,500.00 through your First Bank account number 3055162976, knowing that the money formed part of the proceeds of an unlawful act, to wit: stealing by conversion, contrary to Section 18(2)(d) of the Money Laundering (Prohibition and Prevention) Act, 2022, and punishable under Section 18(3) of the same Act.”
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“Another count reads: “That you, Glory Enefiok Archibong sometime in 2022, in Nigeria, within the jurisdiction of this Honourable Court, took possession of the sum of ₦14,090,000.00 through your Zenith Bank account number 2256436893, knowing that the money formed part of the proceeds of an unlawful act, to wit: money laundering and thereby committed an offence contrary to Section 18(2)(d) and punishable under Section 18(3) of the Money Laundering (Prohibition and Prevention) Act, 2022.”
He said the suspects all pleaded not guilty to the charges when they were read to them
In view of their pleas, prosecution counsel, Oluwatimileyin Faleye prayed the court to fix a date for trial to enable the prosecution to prove its case against the defendants.
However, defence counsel, Imeh Eduk and Ndifreke Inyangette sued for a short adjournment to enable them file formal bail applications for the defendants. They also made an oral application for the third defendant on the ground of being a nursing mother.
READ ALSO:EFCC Arrests CEO Over ₦2bn Ponzi Scheme
After listening to both sides, Justice Onyetenu granted the third defendant, Glory Archibong bail in the sum of ₦30 million, with two sureties in like sum, and landed properties within the jurisdiction of the court.
The court ordered that Akaninyene Archibong and Sylvanus Akpan be remanded at the Nigerian Correctional Service facility in Uyo, Akwa Ibom State.
The case was adjourned till January 27, 2026, for bail hearing and commencement of trial.
The defendants were arrested in Uyo, following claims of a petitioner, Mr Ubong Bassey Okon, Managing Director of Ubotex Nigeria Limited.
According to the petitioner, Akaninyene Archibong and Sylvanus Akpan, who worked in the company as cashier and auditor respectively, allegedly conspired and diverted company funds into personal accounts, by manipulating figures with forged authorizations on payment vouchers.
Investigations into the matter revealed that Akaninyene Archibong transferred portions of the stolen funds to his younger sister, Glory Enefiok Archibong, who played a critical role in laundering the said funds via property acquisition and constructions, aimed at concealing the source of the illicit funds.
Metro
Ex-convict Arrested In Edo For Armed Robbery, Possession Of Firearm
The Edo State Security Corps (ESSC) has arrested a 45-year-old ex-convict, Owen Osas, for alleged unlawful possession of firearms and suspected involvement in a robbery incident.
Osas was reportedly arrested with a cut-to-size single-barrel gun during a covert operation along Fishpond Road in Eyean, Uhunmwonde Local Government Area.
The arrest reportedly comes barely a year after he was released from prison, where he had served time for illegal possession of firearms and other criminal offences.
Osas, who confessed to the latest crime, also admitted to being a member of the Eiye Confraternity.
READ ALSO:Tragedy As Suspected Kidnappers Kill Young Entrepreneur In Edo
Consequently, a victim of an alleged robbery incident, Reginia Izy, identified Osas as the person who robbed her a day before his arrest.
The victim narrated that the suspect had approached her residence around 8 p.m., pretending to be familiar before carrying out the attack.
The Deputy Commander Operations of ESSC, Richard Balogun, said the arrest was part of intensified efforts to rid Edo State of criminal elements.
READ ALSO:Edo South Senatorial Seat: Nothing Wrong Seeking Wike’s Support – Ogbeide-Ihama
Balogun explained that operatives conduct both overt patrols and covert operations to track and apprehend suspects.
He said, “Our men are always on patrol. Some operate in plain clothes as part of covert strategies, while others are stationed at strategic locations.
“Osas, who is a former convict, was arrested with firearms and he also confessed to be a member of the Eiye Confraternity.”
Metro
Gunmen Kidnap Businessman In Ibadan
Gunmen suspected to be kidnappers have abducted a 60-year-old man in Ibadan, the Oyo State capital.
The victim was kidnapped on Saturday while on his way to his residence.
The incident occurred at Jinarere, Alakia in Ibadan.
Public Relations Officer of the State Police command, Olayinka Ayanlade, when contacted, confirmed the incident.
READ ALSO:Gunmen Abduct 60-year-old Trader In Oyo
Ayanlade in a statement made available to DAILY POST on Sunday, explained that efforts are ongoing to rescue the victim.
Ayanlade said, “Preliminary information reveals that the victim, a 60-year-old male and building materials trader, was accosted while returning home along the Jinarere axis of Alakia Road by four masked armed men, who forcefully whisked him away in an unregistered ash-coloured Toyota Corolla vehicle”.
Metro
Tragedy As Suspected Kidnappers Kill Young Entrepreneur In Edo
A 30-year-old entrepreneur and CEO of Principle Takeout, Justice Abu Oshioke, has been killed by suspected kidnappers in Ekpoma, Esan West Local Government Area of Edo State.
He was reportedly attacked by the suspected kidnappers on Saturday while on his way to pick up an order made for his child’s dedication on Sunday morning.
Eyewitnesses said the attackers attempted to force him into a nearby bush in a kidnapping attempt. However, he reportedly resisted and tried to escape.
READ ALSO:Senatorial Seat: Ogbakha-Edo Warns Against Imposition Of Candidates In Edo South
In the course of the struggle, the assailants opened fire, shooting him multiple times.
Concerned residents quickly rushed him to a nearby medical facility, but he was confirmed dead on arrival.
The deceased was said to have recently gotten married and welcomed a baby boy.
The tragic event has turned a joyous occasion into a moment of grief for the family.
READ ALSO:Edo NLC Divided Over May Day Celebration
The shocking development has left the Ekpoma community in deep sorrow, with many residents expressing outrage over the growing insecurity in the area.
Edo State Police Command’s spokesperson, Eno Ikoedem confirmed the incident and said the Commissioner of Police, Monday Agbonika has ordered a “full-scale investigation and intensified manhunt for those responsible.”
According to her, the Police, in collaboration with the military, local vigilantes, and hunters, are actively pursuing the perpetrators through coordinated operations.
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