EFCC Arraigns Two Suspects For Alleged £110,000, N500million Fraud In Lagos
EFCC Arraigns Two Suspects For Alleged £110,000, N500million Fraud In Lagos
The defendants were arraigned on Friday, September 4, 2026, before Justice Olukayode Ogunjobi of the Lagos State High Court sitting in Ikeja.
The Economic and Financial Crimes Commission (EFCC) has arraigned two men, Ali Bala and Yusuf Umar Anka, over alleged fraud involving £110,000 and N500million in Lagos.
The defendants were arraigned on Friday, September 4, 2026, before Justice Olukayode Ogunjobi of the Lagos State High Court sitting in Ikeja.
They are facing a 10-count charge filed by the Lagos Zonal Directorate 1 of the EFCC, bordering on money laundering, stealing and retention of stolen property.
One of the counts alleged that Bala, also known as Barrister Ahmed, and Anka, sometime in 2025 in Lagos, conducted financial transactions involving proceeds of unlawful activities to disguise the source of £110,000 allegedly stolen.
The charge stated that the alleged offence contravened Section 7(1)(b)(i) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
The defendants pleaded not guilty to all the charges.
Following their pleas, the prosecution counsel, H.U. Kofarnaisa, asked the court to fix a date for trial and remand the defendants in a correctional facility.
Defence counsel informed the court that a bail application was pending.
Justice Ogunjobi subsequently adjourned the case until September 8, 2026, for hearing of the bail application.
The judge also ordered that the defendants be remanded in EFCC custody pending the hearing.
