EFCC Charges Bello Bodejo with $2.53M Terror Financing

The Economic and Financial Crimes Commission (EFCC) has filed a 12-count charge against Bello Bodejo, alleging his involvement in terrorism financing and money laundering amounting to $2.53 million. The charges were filed on a Monday in the Federal High Court in Abuja.

Bodejo is accused of receiving and possessing large sums of cash in foreign currency linked to unlawful activities, violating the Money Laundering (Prohibition) Act of 2011. Specific allegations include accepting $100,000 from Idu Abubakar, the former Accountant General of Bauchi State, on January 11, 2022, exceeding the statutory cash transaction threshold of ₦5,000,000.

Additional counts detail Bodejo's alleged possession of $500,000 on March 20, 2024, and $980,000 on February 7, 2024, both exceeding legal cash transaction limits. The EFCC's media head, Dele Oyewale, disclosed these details, and Bodejo is expected to enter a plea during the court proceedings.