₦airaland Forum

The Economic and Financial Crimes Commission (EFCC) has arraigned Victor Ekpong Thompson before the Federal High Court sitting in Uyo, Akwa Ibom State, over the alleged defrauding of several American citizens of $525,276.

Thompson was docked on Thursday, January 29, 2026, before Justice Maureen Adaobi, where he faced an eight-count charge bordering on obtaining money by false pretence. Eyes Of Lagos reports,

According to the Uyo Zonal Directorate of the EFCC, the defendant allegedly deceived his victims by claiming he would facilitate investments in mineral resource mining and deep seaport development projects.

Those reportedly defrauded include American nationals Tammy Jensen, Peter Jensen, Kenneth Blad, and other unsuspecting investors.

One of the charges read in court stated that Thompson, between April 2024 and December 2024, within the jurisdiction of the court, fraudulently obtained $213,350 from the victims under false pretences. The offence was said to contravene provisions of the Advance Fee Fraud and Other Related Offences Act, 2006.

The EFCC alleged that Thompson acted with intent to defraud by falsely representing the existence and viability of the purported investment ventures.

When the charges were read to him, the defendant pleaded not guilty to all counts.

Following his plea, the prosecution counsel, Joshua Abolarin, urged the court to remand the defendant in a correctional facility and fix a date for the commencement of trial.

However, defence counsel, Savn Daniel, made an oral application for bail, which was opposed by the prosecution.

After listening to arguments from both sides, Justice Adaobi adjourned the matter to March 19, 2026, for ruling on the bail application and commencement of trial. Pending the court’s decision, the judge ordered that Thompson be remanded at the EFCC detention facility in Uyo.

The EFCC stated that the arraignment reflects its ongoing commitment to tackling cross-border financial crimes and safeguarding the integrity of Nigeria’s financial system.

iwaeda:
Aspire to perspire people.

Efuaye:
The Nigerian system and culture are skewed to promote fraud, that's why we don't ask questions when there is sudden success.

Austema:
Yes o

But he is about to expire, I doubt if he can refire again.

Lol

Steady259:
He should be made to face the law.

People like this are the ones putting Nigeria in bad light overseas.

chisomkachy:
The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court against Lagos Speaker Mudashiru Ajayi Obasa.

Naija News understands that the anti-graft did not give any particular reason for its application for withdrawal.

Following the application to withdraw, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.

The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.

The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.

Recall that the court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.

The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.

But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.

During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).

The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.

Section 44 of the Constitution concerns constitutional rights to property.

Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:

“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.

“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”

https://dailytimesng.com/obasa-efcc-withdraws-suit/

Previous Threads:
https://www.nairaland.com/5877642/obasa-64-bank-accounts-linked#89878603

https://wap.nairaland.com/6167844/lagos-assembly-speaker-obasa-efcc#94728150

https://www.nairaland.com/6168612/obasa-court-orders-efcc-freeze#94741534

Lamanii22:
Now dem don retire am lol 😂

nkpommpko:
How do you dey get this investors and never use them legit? I have been looking for foreign investors to invest in solid minerals for ages. I need to learn the format. Any that has please inform me. Watapp +2349016104013

alphonsoolajide:
https://eyesoflagos.com/2026/02/04/efcc-arraigns-thompson-swindling-americans-525276/

Lifestone:
Nigeria we hail thee. Bandits in the North, fraud stars in the South.

Efuaye:
The Nigerian system and culture are skewed to promote fraud, that's why we don't ask questions when there is sudden success.

Steady259:
He should be made to face the law.
People like this are the ones putting Nigeria in bad light overseas.

According to the Uyo Zonal Directorate of the EFCC, the defendant allegedly deceived his victims by claiming he would facilitate investments in mineral resource mining and deep seaport development projects.