EFCC Arrests Edo Monarch Over Alleged Financial Fraud

The Economic and Financial Crimes Commission (EFCC) arrested HRM Michael Sado, a traditional ruler from Okpella in Edo State, and Patrick Omkhagbo following a petition from Osagi Ukhomuyo, the village head. The arrests are linked to allegations of financial fraud, where Sado is accused of converting the entire Ukhomuyio community's estate for personal gain and collecting substantial sums due to the community from natural resource activities.

The allegations include a breach of a community development agreement (CDA) with Dangote Cement, which stipulated that the host community would receive N250 million annually for mining activities. However, it is alleged that funds were diverted to a bank account opened in the traditional ruler's name, with Sado as the sole signatory.

The EFCC confirmed that the arrests were routine based on the petition, and further investigations will determine the next steps. The situation has escalated tensions within the community, with threats of intra-community warfare if the alleged financial crimes are not addressed.