EFCC arraigns two over alleged £110,000, ₦500m fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned two men, Ali Bala and Yusuf Umar Anka, over an alleged £110,000 and ₦500 million fraud in Lagos.
The defendants were arraigned on Friday, September 4, 2026, before Justice Olukayode Ogunjobi of the Lagos State High Court sitting in Ikeja.
Nkereuwem Effiong
The Economic and Financial Crimes Commission (EFCC) has arraigned two men, Ali Bala and Yusuf Umar Anka, over an alleged £110,000 and ₦500 million fraud in Lagos.
The defendants were arraigned on Friday, September 4, 2026, before Justice Olukayode Ogunjobi of the Lagos State High Court sitting in Ikeja.
They face 10 counts bordering on money laundering, stealing and retention of stolen property.
The EFCC alleged that Bala, also known as Barrister Ahmed, and Anka carried out financial transactions involving proceeds of unlawful activities in 2025 in an attempt to disguise the source of £110,000 allegedly obtained through fraud.
The commission said the alleged offences contravened provisions of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
The defendants pleaded not guilty to all the charges.
Following their pleas, EFCC counsel, H.U. Kofarnaisa, asked the court to adjourn the case for trial and ordered that the defendants be remanded in a correctional facility.
Counsel to the defendants, however, told the court that a bail application was pending.
In his ruling, Justice Ogunjobi adjourned the case until September 8, 2026, for hearing of the bail application.
The judge also ordered that Bala and Anka remain in EFCC custody pending the hearing.
The defendants are presumed innocent until proven guilty by the court.
