EFCC Arraigns Two Men in Lagos Over Alleged N42m Fraud Case

Defendants face conspiracy and stealing charges as court hears details of 2024 transaction

Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has brought two men before a Lagos court over an alleged N42 million fraud, marking another high-profile prosecution in the country’s ongoing crackdown on financial crimes.

The suspects, Abdullahi Musa and Abdullahi Isah, were arraigned on Wednesday before Justice Olubunmi Abike-Fadipe at the Special Offences Court sitting in Ikeja.

Allegations of conspiracy and theft

Prosecuting counsel, M.K. Bashir, told the court that the defendants, alongside others still at large, allegedly conspired to defraud a private individual, Ismail Rabiu.

According to the prosecution, the incident dates back to October 2024, when the accused reportedly obtained N42 million from the complainant under fraudulent circumstances.

The EFCC further alleged that the pair converted the funds for personal use, an act it described as both dishonest and unlawful.

Charges under Lagos law

The defendants are facing a two-count charge bordering on conspiracy and stealing, offences said to contravene provisions of the Criminal Law of Lagos State, 2011.

While details of their plea were not immediately highlighted, the case underscores the EFCC’s continued efforts to prosecute financial misconduct and recover stolen assets.

Crackdown on financial crimes continues

The arraignment adds to a growing list of fraud-related cases being pursued by the commission, particularly in Lagos, Nigeria’s commercial hub.

Legal proceedings are expected to continue as the court examines evidence against the accused and determines their culpability