The Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on Wednesday, June 10, 2026, arraigned one Fidelix Samuel Ebuka before Justice Yellim Bogoro of the Federal High Court in Lagos over an alleged money laundering offence.
Ebuka was arraigned on a one-count charge bordering on the retention of proceeds of unlawful activities amounting to N90,989,517 (Ninety Million, Nine Hundred and Eighty-Nine Thousand, Five Hundred and Seventeen Naira), contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
The charge reads: “That you, Fidelix Samuel Ebuka, on or about April 15, 2026, in Lagos, within the jurisdiction of this Honourable Court, directly retained N90,989,517 (Ninety Million, Nine Hundred and Eighty-Nine Thousand, Five Hundred and Seventeen Naira) in your Union Bank account number 0069938215, which proceeds you reasonably ought to have known formed part of the proceeds of an unlawful act, and you thereby committed an offence contrary to Section 18(2)(d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”
When the charge was read to him, the defendant pleaded not guilty.
Following the plea, prosecution counsel, H.U. Kofarnaisa, requested a trial date and urged the court to remand the defendant in a correctional facility pending trial.
Counsel to the defendant, Bimbo Ogunlaja, subsequently sought an adjournment to enable the defence to move its bail application.
Justice Bogoro thereafter adjourned the matter until June 29, 2026, for the hearing of the bail application and commencement of trial.
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The court also ordered that the defendant be remanded in a Correctional facility pending the determination of his bail application.
