EFCC arraigns 2 over £110,000 fraud, N500m theft

By Purity Francis
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), yesterday, arraigned Ali Bala, also known as Barrister Ahmed, and Yusuf Umar Anka before Justice Olubunmi Abike-Fadipe of the Special Offences Court, Ikeja, Lagos, over alleged theft and money laundering involving £110,000.
The defendants are facing a 10-count charge bordering on stealing, money laundering and retention of stolen property.
In count one, the EFCC alleged that the defendants, sometime in 2025, in Lagos, within the jurisdiction of the court, conducted financial transactions involving proceeds of unlawful activities in a bid to disguise the source of the allegedly st...