JUST IN: EFCC arraigns ex-convict for alleged N12m theft

The Economic and Financial Crimes Commission, EFCC, on Monday arraigned an ex-convict, Oluokun Gabriel Adekola, before Justice Rahman Oshodi over an alleged N12 million theft.

 

The case was announced by the EFCC in a post on its official X handle on Monday.

 

A statement by the anti-graft agency said Adekola was arraigned by the Lagos Zonal Directorate 1 of the commission at the Special Offences Court Ikeja.

 

According to the EFCC, the defendant and others still at large allegedly conspired in 2025 to conceal and disguise the origin of N12 million paid into his bank account.

 

The commission alleged that the suspect transferred and converted the funds to cash through Point of Sale (POS) agents.

 

The EFCC further stated that the money formed part of N3,091,441,849 reportedly stolen from accounts domiciled in a commercial bank through unauthorised access and fraudulent transactions carried out on the bank’s mobile banking applications.

 

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Adekola pleaded guilty to the charge when it was read to him in court.