EFCC Charges Two Businessmen with N42 Million Fraud

On Wednesday, the Economic and Financial Crimes Commission (EFCC) arraigned two businessmen, Abdullahi Adamu Musa and Abdullahi Isah, at the Special Offences Court in Ikeja, Lagos, over an alleged N42 million fraud. They were charged with two counts of conspiracy to commit felony and theft, violating sections 284 and 285 of the Criminal Law of Lagos State 2011.

The prosecution alleges that the defendants conspired to defraud Ismail Rabiu by dishonestly converting N42,000,000 belonging to him. Abdullahi Adamu Musa was identified as trading under the name Anfim Aluminium Enterprises.

Both defendants pleaded not guilty to the charges. Following their plea, the prosecuting counsel, M.K.

Bashir, requested a trial date and asked for the defendants to be remanded in custody pending trial. The defense counsel, K.K.

William Bakar, informed the court of a bail application filed for the defendants. Justice Olubunmi Abik Fadip ordered the defendants to be remanded in custody and adjourned the case until April 14, 2026, for a hearing.