RismadarVoice Reporters, February 24, 2026
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, on Wednesday, February 24, 2026, arraigned a former Managing Director of the Nigerian Railway Corporation (NRC), Fidet Okhiria Edetanle, before Justice Rahman Oshodi of the Special Offences Court, Ikeja, Lagos, over alleged fraud totaling $385,000 and ₦165,438,000.
Edetanle faces a seven-count charge bordering on abuse of office, money laundering, and unlawful enrichment by a public official.
The offences are said to contravene Sections 332(1) and 332(3), Section 73(1), and Section 82(c) of the Criminal Law of Lagos State, 2011.
One of the charges states that Edetanle, while serving as NRC Managing Director between May 29 and September 11, 2024, transferred $205,000 from his domiciliary account at Access Bank Plc to the account of Ehimen Richard Okhiria at ABN AMRO Bank, Netherlands, representing proceeds of unlawful activities.
Another count alleges that after leaving office, between October 21 and November 21, 2024, Edetanle transferred an additional $40,000 to the same foreign account, also purportedly from unlawful sources.
The defendant pleaded not guilty to all charges.
Following his plea, prosecution counsel Abba Muhammad, SAN, requested that a trial date be set, urged the court to remand Edetanle in a correctional facility pending trial. In response, defence counsel Adebowale Kamoru informed the court that he had just received the charge and requested a short adjournment to file a bail application.
After hearing both parties, Justice Oshodi adjourned the matter to May 13, 14, and 15, 2026, for commencement of trial and ordered that the defendant be remanded in a maximum correctional facility pending the determination of his bail application.
