EFCC Charges Man for Defrauding Firms of N25 Million

The Economic and Financial Crimes Commission (EFCC) has arraigned a man named Peter at the Federal High Court in Abuja for allegedly impersonating a special adviser to President Bola Tinubu in a scheme to defraud companies of N25 million. The charges against Peter include four counts of fraud, specifically for obtaining money under false pretenses.

The EFCC claims that Peter fraudulently acquired N25,941,787.00 by pretending to secure a cryptocurrency exchange operating license. The alleged offenses occurred between August 30, 2024, and October 30, 2025, within the jurisdiction of the Federal High Court.

Additionally, he is accused of obtaining N19,800,000 through similar deceptive claims. Peter has pleaded not guilty to all charges.

Following his plea, Christoph Mshelia, counsel for the EFCC, requested the court to set a trial date while Peter was remanded at Kuje Correctional Centre. Justice Egwuatu granted him bail of N400 million with two sureties, one of whom must be a civil servant at grade level 15.