The Economic and Financial Crimes Commission (EFCC)
The Economic and Financial Crimes Commission (EFCC) has arraigned Fidelix Samuel Ebuka before a Federal High Court in Lagos over an alleged N90.9 million money laundering.
Ebuka was brought before Justice Yellim Bogoro on a one-count charge bordering on the retention of proceeds of unlawful activities amounting to N90,989,517.
The EFCC said his offenxe contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
According to the charge, the defendant, on or about April 15, 2026, in Lagos, within the jurisdiction of the court, allegedly retained the sum in his Union Bank account number 0069938215, funds he reasonably ought to have known formed part of proceeds of unlawful activity.
The charge states that the alleged offence contravenes Section 18(2)(d) and is punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
When the charge was read to him, Ebuka pleaded not guilty. Following his plea, prosecution counsel, H.U. Kofarnaisa, urged the court to fix a trial date and remand the defendant in a correctional facility pending trial.
Counsel to the defendant, Bimbo Ogunlaja, however, sought an adjournment to enable the defence to move its bail application.
Justice Bogoro subsequently adjourned the case until June 29, 2026, for the hearing of the bail application and commencement of trial.
The court also ordered that the defendant be remanded in a correctional facility pending the determination of his bail application.
