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Ballotelle:
EFCC Arraigns Ex-NRC MD for Alleged $385,000, ₦165.438m Money Laundering in Lagos


The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC). Ikoyi, Lagos, on Wednesday, February 24, 2026, arraigned a former Managing Director of the Nigerian Railway Corporation (NRC), Fidet Okhiria Edetanle, before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, over alleged $385,000 and ₦165,438,000.00 fraud.

Edetanle was arraigned on a seven-count charge bordering on alleged abuse of office, money laundering, and unlawful enrichment by a public official.

The offences are said to contravene Sections 332(1) and 332(3), Section 73(1), and Section 82(c) of the Criminal Law of Lagos State, 2011.

One of the counts reads:
“That you, Fidet Okhiria Edetanle, while serving as the Managing Director of the Nigerian Railway Corporation, between May 29, 2024 and September 11, 2024, in Lagos, within the jurisdiction of this Honourable Court, committed an offence, to wit: money laundering, by transferring the cumulative sum of Two Hundred and Five Thousand United States Dollars ($205,000.00) from your domiciliary account domiciled in Access Bank Plc, account number 0010069159, being proceeds of unlawful activities, to the bank account of Ehimen Richard Okhiria domiciled in ABN AMRO Bank, Netherlands, with account number NL38ABNA011257662.”

Another count reads:
“You, Fidet Okhiria Edetanle, after leaving office as Managing Director of the Nigerian Railway Corporation, between October 21, 2024 and November 21, 2024, in Lagos within the jurisdiction of this Honourable Court, committed an offence, to wit: money laundering, by transferring the cumulative sum of Forty Thousand United States Dollars ($40,000.00) from your domiciliary account in Access Bank Plc to the bank account of Ehimen Richard Okhiria domiciled in ABN AMRO Bank, Netherlands, being proceeds of unlawful activities.”

The defendant pleaded “not guilty” to all the charges preferred against him.

Following his plea, the prosecution counsel, Abba Muhammad, SAN, requested a trial date and urged the court to remand the defendant in a correctional facility pending trial.

However, the defence counsel, Adebowale Kamoru, informed the court that he had just received the charge and requested a short adjournment to enable him to file a bail application.

After listening to both parties, Justice Oshodi adjourned the matter till May 13, 14, and 15, 2026 for commencement of trial and ordered that the defendant be remanded in a maximum correctional facility pending the determination of his bail application.

IamtheTruth1:
Na wa. To mobilise the police? You IGP? It's crazy how a victim still has to give out something to get justice

Melagros:
COMRADES, I will be happy if I can get that link on Nairaland that sometimes ago captioned Nigerian Police as the most corrupt/ worst police in Africa/ world

Sometime ago last year, the WhatsApp account of my friend whom I hold in high esteem was hacked, and the hacker defrauded me to the tune of 200k, after my conversation with my friend. Then I discovered that I was scammed!

However, in order to unravel the identity of the fraudster, then I reached out to the receiving bank and also to my bank for the account to be linked, after that, both of the banks advised me if I want to know who the fraudster is, I should make a formal entry at the police station since banks don't release the information of their customers to the third party. But, the police through the court order can produce who the criminal is

After harking to the piece of the advice, I went to the police station (Elelenwo station, picture below) and made an entry, then the IPO assured me that the fraudster will be apprehended, that this is a simple case, that there's an officer (a tracker) who specialises in handling such cases, so he linked me up with the so-called tracking officer (name below) then the so-called tracking officer booked an appointment with me. After asking of my bank details, he logged on to Google and brought out a certain phone number and claimed that this was the number which was used to defraud me, so to know who the culprit is, it will cost me: 15k (cash) for entry, plus 30k for mobilisation of officers, plus another 15k for a job well done. Without further ado, I made the payment

Do you know one funny thing? The so-called tracking officer didn't know that I am also an experienced car/vehicle tracker (I track vehicles for companies) anytime I asked for an update the fraudster in uniform would googled an image and sent it to me, not knowing that he is dealing with an expert, he would also be telling me cock and bull story blah blah blah blah

After all the drama, this year I decided to escalate the matter at the station, guess what, the police sided with their colleague. When I proved to them that I am also a tracker and their colleague is nothing but a fraudster and I threatened to take legal action against the fraudster in uniform, then all of them washed their hands off the case

Gotocourt:
A scammer collected my 4M in 2020, omorr, dude scammed others summing up to 120M. The idiot was jailed last year.

DonADESIDA:
This was a petition tagged EFCC/PET/HQR/0802/2023
I submitted to EFCC headquarters in Abuja, featuring Osakwe Ikechukwu Reginald, that Madubueze Andrew claimed collected the money. Madubueze Andrew originally said he knew him in Makurdi was later denying knowing him plus other things he said made him look like an accomplice of Osakwe Ikechukwu Reginald.

That was how my N4,350,000 has been hanging since 2023.

bestman09:
It is better to petition/remind the EFCC again through your lawyer as Nairalanders may not be able to help you. However, this information is good to help others not to fall into his hands and his gang.

DonADESIDA:
This was a petition tagged EFCC/PET/HQR/0802/2023
I submitted to EFCC headquarters in Abuja featuring Osakwe Ikechukwu Reginald that Madubueze Andrew claimed collected the money. Madubueze Andrew originally said he knew him in Markudi was later denying knowing him plus other things he said made him look like an accomplice of Osakwe Ikechukwu Reginald.

That was how my N4,350,000 has been hanging since 2023.

DonADESIDA:
25th January, 2023

The Chairman
Economic and Financial Crimes Commission
Plot 301/302, Research and Institutions District
Abuja

Dear Sir,

CRIMINAL COMPLAINT OF CHEATING, FRAUD AND CRIMINAL CONSPIRACY AGAINST MADUBUEZE ANDREW

We are Solicitors to Mr Adesida Oluwasegun (hereinafter referred to as Our Client) on whose behalf and instruction we write.

On the 19th Day of January, 2023, one Madubueze Andrew contacted and informed Our Client of his interest in getting Naira for his online earnings in dollars, as Our Client knew him to be a graphical/signal forex trader. Our Client did the necessary due diligence to confirm the source of the fund and he showed Our Client a supposed evidence that the fund was an inflow from United Arab Emirate, thus it has no connection to any illegality. Madubueze Andrew informed Our Client that the sum in discussion was $6,000.00 (Six Thousand US Dollars) and Our Client agreed to give him N4,350,000 (Four Million Three Hundred and Fifty Thousand Naira) in return.

Further, Our Client gave Madubueze Andrew a GTB account to deposit the USD. On the same 19th January, 2023, Madubueze Andrew sent two proofs of transfer: screenshots of transfer page and SMS debit alert of the sum of $6,000.00 (Six Thousand US Dollars) already paid into GTB Account Our Client gave to him. Thereafter, Our Client transferred the sum of N4,350,000 (Four Million Three Hundred and Fifty Thousand Naira) to Madubueze Andrew’s Kuda MFB Account with Account Number: 2003894150.

To Our Client’s dismay, the owner of the GTB account which our Client gave to Madubueze Andrew, alerted Our Client that he was yet to receive the $6,000.00 (Six Thousand US Dollars) alleged to have been sent by Madubueze Andrew. Our Client immediately contacted Madubueze Andrew who now claimed that he was not the person who actually transferred the $6,000.00 (Six Thousand US Dollars) and started giving other information which made Our Client apprehensive that Madubueze Andrew intentionally deceived and cheated him.

Madubueze Andrew claimed that it was one Osakwe Reginald Ikechukwu who actually sent the $6,000.00 (Six Thousand US Dollars) and that he has transferred the N4,350,000 (Four Million Three Hundred and Fifty Thousand Naira) to the said Osakwe Reginald Ikechukwu. Conclusively, it is very obvious now that Madubueze Andrew and his cohort(s) have conspired and defrauded Our Client in the sum of N4,350,000 (Four Million Three Hundred and Fifty Thousand Naira) only.
Sir, we appeal to you to carry out a thorough investigation of this complaint against the above named persons to help Our Client recover his funds and get justice against these persons.
Thank you.

Yours faithfully,

A.O Ayeni Esq.
PP: A.O Ayeni & Associates

Northernblood8:
It keeps on giving error