EFCC Charges Peter Igoin with N25m Fraud Scheme

The Economic and Financial Crimes Commission (EFCC) arraigned Peter Igoin on charges of fraud amounting to N25,941,787.00. Igoin allegedly impersonated a special adviser to the President on ICT development and digital innovation to defraud individuals by claiming to secure cryptocurrency exchange licenses.

The charges include four counts of obtaining money under false pretenses, with specific incidents dated August 30, 2024, and September 5, 2024. Igoin pleaded not guilty to the charges.

Following the plea, prosecuting counsel Christoph Mshelia requested a trial date and sought to remand Igoin at Kuje Correctional Centre. Justice Obiora Egwuatu granted bail at N400 million, requiring two sureties, one of whom must be a civil servant of grade level 15.

The case has been adjourned to July 16, 2026, for trial commencement.