Economic and Financial Crimes Commission (EFCC) has arraigned Fidelix Samuel Ebuka before a Federal High Court in Lagos over an alleged N90.9 million money laundering offence.
Gatekeepers News reports that Ebuka was brought before Justice Yellim Bogoro on a one-count charge bordering on the alleged retention of proceeds of unlawful activities amounting to N90,989,517.
According to the EFCC, the alleged offence is contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
The anti-graft agency alleged that on or about April 15, 2026, the defendant retained N90,989,517 in his Union Bank account, which he reasonably ought to have known formed part of proceeds of unlawful activity.
According to the charge, the alleged offence was committed in Lagos and falls within the jurisdiction of the Federal High Court.
The charge states that the act contravenes Section 18(2)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022, and is punishable under Section 18(3) of the same law.
When the charge was read to him, Ebuka pleaded not guilty.
Following the plea, prosecuting counsel, H.U. Kofarnaisa, urged the court to fix a date for trial and remand the defendant in a correctional facility pending the determination of the case.
Counsel to the defendant, Bimbo Ogunlaja, requested an adjournment to allow the defence move its bail application.
After hearing both parties, Justice Bogoro adjourned the matter until June 29, 2026, for the hearing of the bail application and commencement of trial.
The court also ordered that the defendant be remanded in a correctional facility pending the determination of his bail application.
