Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, on Wednesday, March 11, 2026, arraigned one Aboyeji Femi Olanrewaju before Justice I. Ijelu of the State High Court sitting in Ikeja, Lagos, over an alleged N26,758,000 theft.
The defendant allegedly converted the sum to his personal use, with the funds belonging to one Tochukwu Franklin Innocent, in a case of criminal breach of trust and possible money laundering.
The arraignment forms part of EFCC’s sustained offensive against financial crimes in Nigeria’s commercial capital, where Lagos remains a hotspot for conversion frauds targeting individuals and businesses.
Details of the charge sheet indicate the offence occurred within the court’s jurisdiction, potentially violating Sections 390 and 419 of the Criminal Code Act and money laundering statutes.
Aboyeji, whose age and occupation were not immediately disclosed, faced formal charges detailing the circumstances of the alleged misappropriation.
While court proceedings on pleas, bail applications, or adjournments were not specified in available reports, Justice Ijelu admitted the case to his docket for further hearings.
EFCC investigations reportedly traced the funds through banking channels, underscoring the agency’s enhanced digital forensics capabilities in tracking illicit transactions.
The victim, Tochukwu Franklin Innocent, petitioned the anti-graft agency after discovering the diversion, prompting swift action by operatives.
Such cases highlight vulnerabilities in personal financial dealings, where trusted individuals exploit fiduciary positions to siphon substantial sums.
Aboyeji’s arraignment aligns with dozens of similar prosecutions in Lagos courts this year, as EFCC intensifies recovery efforts amid Nigeria’s economic pressures.
The matter awaits full hearing, with potential for asset forfeiture if conviction is secured, reinforcing deterrence against white-collar crimes.
