Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • EFCC’s Operations At Majesty Estate, Port Harcourt
    • Nigeria, Benin Endorse Framework For Enhanced Economic Cooperation
    • Gagging The Press: Arewa Broadcast Media Forum Threatens Boycott Of Niger State Govt Activities
    • EFCC Chairman, Olukoyede Tasks DNFBPs On Suspicious Transaction Reporting
    • Five Fraudsters Jailed In Gombe
    • EFCC Arraings Chukwuka Onovo Suspected Of Stealing N42m In Lagos
    • Court Jails Two Fraudsters, Abubakar Rabiu Wada, Abba Mohammed In Borno
    • 2025 Flood Response:NEMA DG Makes Presentation To National Economic Council Meeting, Secures N10Bn Funding
    Facebook X (Twitter) Instagram YouTube
    HumsimediaHumsimedia
    • Home
    • News
      • News Analysis
      • Politics
      • Environment
      • Energy
      • Security
      • Defence
    • Entertainment
    • Business
      • Economy
    • Health
    • Interview
    • Lifestyle
    • Global News
    HumsimediaHumsimedia
    Home»News»EFCC Arraigns Ibrahim Abubakar For Alleged N5bn Money Laundering
    News

    EFCC Arraigns Ibrahim Abubakar For Alleged N5bn Money Laundering

    HumsiBy HumsiJune 21, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Miriam Humbe

    The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Thursday, June 19, 2025, arraigned one Ibrahim Abubakar before Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos.

    Dele Oyewale, EFCC’s Head of Media and Publicity disclosed this in a statement.

    Abubakar was arraigned on a two-count charge bordering on alleged conspiracy to commit stealing and retaining the sum of N5bn.

    One of the counts reads: “That you, Ibrahim Abubukar, IBRAHIM (at large) and Alhaji Kabiru (at large), on 2 February, 2025, in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to commit an offence to wit: retention of the total sum of N5,000,000, 000.00 (Five Billion Naira) in an account nominated by you, ‘Mohammed Shehu’, domiciled in Union Bank of Nigeria Pic., with account number 0224244931, which sum you reasonably ought to have known forms part of the proceeds of your unlawful act, to wit: stealing and you thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition and Prevention Act), 2011 as amended and punishable under Section 15 (2) (d) of the same Act.”

    The defendant pleaded “not guilty” to the charges when they were read to him.

    In view of his plea, prosecuting counsel, Bilikisu Buhari-Bala, asked for a trial date, and also urged the court to remand the defendant in a Correctional Centre.

    Responding, the defence counsel, E.C. Nwoko, asked the court for a short date to enable him file his client’s bail application.

    Justice Owoeye ordered the defendant to be remanded at the Nigerian Correctional Services, NCoS, Ikoyi, Lagos.

    The matter was adjourned till September 25, 2025 for the commencement of trial.

    Bilkisu Buhari - Bala EFCC Ibrahim Abubakar Lagos Money Laundering Nigerian Correctional Services Union Bank of Nigeria
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Humsi
    • Website

    Related Posts

    EFCC’s Operations At Majesty Estate, Port Harcourt

    August 3, 2025

    Nigeria, Benin Endorse Framework For Enhanced Economic Cooperation

    August 3, 2025

    Gagging The Press: Arewa Broadcast Media Forum Threatens Boycott Of Niger State Govt Activities

    August 3, 2025
    Leave A Reply Cancel Reply

    Recent Posts
    • EFCC’s Operations At Majesty Estate, Port Harcourt
    • Nigeria, Benin Endorse Framework For Enhanced Economic Cooperation
    • Gagging The Press: Arewa Broadcast Media Forum Threatens Boycott Of Niger State Govt Activities
    • EFCC Chairman, Olukoyede Tasks DNFBPs On Suspicious Transaction Reporting
    • Five Fraudsters Jailed In Gombe
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Humsimedia. Designed by Humsi Media.

    Type above and press Enter to search. Press Esc to cancel.

    • equation-line-passes-point42and-slope-of1
    • central-idea-included-paraphrase-ofthis-excerptthe-men
    • read-excerpt-lessons-dr-martin-luther-king-jrthe
    • statements-true-interquartile-rangeselect-applysubtract
    • executive-branch-president-including-cabinet-called
    • actocepttake-receiveexleave-outwhich-sentence-uses
    • complete-statement98vee-24
    • cant-see-truck-driver-side-mirrorthey-cant-see
    • according-article-clementes-impact-wanes-puerto-rico-40
    • antisemitism-europe-1880s-caused-many-jewish-people
    • hierarchical-structure-housemembers-floor-leaders-whips
    • 1890s-yellow-journalism-influence-american-opinion
    • select-correct-text-passagewhich-two-sets-lines-enjambed
    • evaluating-source-help-researchers-form-opinionsthey
    • read-following-quotation-george-washingtonthe-spirit
    • read-paragraphbiology-101-professor-ramirez
    • sum-two-consecutive-numbers-157-equation-n-first
    • best-practice-use-meet-someone-culture-different
    • occurs-length-accountit-hecontributed-much-trip-dog
    • now-youve-conducted-marketing-research-want-determine