RismadarVoice Reporters
March 17, 2026
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned an ex-convict, Oluokun Gabriel Adekola, before the Special Offences Court sitting in Ikeja, Lagos, over an alleged theft of N12 million.
Adekola was brought before Justice Rahman Oshodi by the Lagos Zonal Directorate 1 of the anti-graft agency on a one-count amended charge bordering on stealing.
According to the charge, the defendant allegedly collaborated with others still at large in 2025 to conceal and disguise the origin of N12,000,000 paid into his bank account.
The EFCC alleged that the funds, which formed part of over N3.09 billion reportedly stolen from accounts domiciled in a commercial bank through unauthorised mobile banking transactions, were withdrawn and converted to cash using Point-of-Sale (POS) agents.
When the charge was read to him in court, Adekola pleaded guilty.
Following the plea, prosecution counsel M. K. Bashir and E. S. Okongwu requested a date for the review of facts and sentencing, and also urged the court to remand the defendant in a correctional facility.
Justice Oshodi subsequently adjourned the case to March 17, 2026, for review of facts and sentencing, and ordered that the defendant be remanded in custody pending further proceedings.
Court records show that Adekola had previously been convicted in July 2020 by Justice Joyce Abdulmalik of the Federal High Court in Ibadan, Oyo State, where he was sentenced to 20 years’ imprisonment for obtaining $22,300 from a foreign national under false pretences after prosecution by the EFCC.
