EFCC Cases Include Fraud Charges and ₦107m Recovery

The Economic and Financial Crimes Commission has brought two men back before an Ikeja court over alleged money laundering, stealing and retention of stolen property involving £110,000 and ₦500 million. Ali Bala and Yusuf Anka pleaded not guilty to the charges, and the court ordered them to remain in EFCC custody pending further proceedings. The 10-count case was heard on Wednesday before Justice Olubunmi Abike-Fadipe at the Ikeja Special Offences Court. EFCC counsel Zainab Buhari alleged that the defendants conspired and committed the offences in Lagos in 2025. The commission alleges that financial transactions involving the two sums were connected to unlawful activities. The court adjourned the case until December 16. In a separate proceeding, Finance Ministry director Ali Mohammed testified for the EFCC in the trial of former Central Bank of Nigeria governor Godwin Emefiele. Mohammed told the High Court of the Federal Capital Territory that ministry divisions and the Office of the Accountant-General of the Federation had no knowledge of a ₦124.86 billion withdrawal from the Consolidated Revenue Account during Emefiele’s tenure.