RismadarVoice Reporters
February 25, 2026
The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned three senior officials of the Nigerian Railway Corporation (NRC) before the Lagos State High Court in Ikeja over alleged fraud and money laundering totalling more than ₦2.04 billion.
The defendants: Felix Njoku, former Director of Finance; Benjamin Chinwuba Iloanusi, Director of Procurement; and Oche Jerry Ogbole-Inalegwu, Director of Mechanical, were docked on separate charges bordering on alleged abuse of office, corruption, unlawful enrichment and money laundering.
Njoku was arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court on a 17-count charge involving an alleged ₦736.3 million fraud.
The EFCC alleged that between January 2 and December 3, 2024, he received ₦240.94 million from NRC contractors through the account of FC Njoku and Company in connection with contracts awarded during his tenure. He pleaded not guilty.
Justice Abike-Fadipe granted Njoku temporary release on health grounds, ordering him to deposit his international passport with the court and report to the EFCC twice weekly.
The case was adjourned to March 10, 2026, for hearing of his bail application and May 11, 12, 18 and 19, 2026, for trial.
Iloanusi was arraigned before Justice Ismail Ijelu on a 10-count charge involving an alleged ₦915.3 million fraud.
He was accused of receiving ₦160.93 million from contractors in 2022 through accounts domiciled in Polaris Bank in relation to contracts awarded during his service.
He also pleaded not guilty and was remanded in a correctional centre pending hearing of his bail application on March 3, 2026.
Ogbole-Inalegwu appeared before Justice Mojisola Dada on a nine-count charge involving an alleged ₦395.19 million fraud.
The EFCC alleged that in 2019, while serving as Railway District Manager, he received ₦11.39 million from China Civil Engineering Construction Company (CCECC) through an Access Bank account linked to Altech Engineering Services.
He pleaded not guilty.
Justice Dada allowed him to continue on the administrative bail earlier granted by the EFCC and adjourned the matter to April 23, 2026, for hearing.
The offences are said to contravene relevant provisions of the Criminal Law of Lagos State, 2011.
