EFCC Arraigns Andrew Odekina for N9.9m Fraud in Ikeja

The Economic and Financial Crimes Commission (EFCC) arraigned Andrew Odekina at the Ikeja Special Offences Court on Monday for allegedly stealing N9.9 million. Odekina faced charges related to retaining proceeds of criminal conduct, which contravenes Section 17(b) of the EFCC Act 2004.

Upon the reading of the charges, Odekina pleaded not guilty. EFCC counsel Babatunde Sonoiki requested a trial date and urged the court to remand Odekina pending the trial.

The court was informed that Odekina, alongside others, allegedly received retained funds in a First City Monument Bank (FCMB) account, which was part of N3.1 billion stolen through unauthorized access to the bank. Justice Mojisola Dada adjourned the matter until May 11, 2025, and ordered that Odekina be remanded in custody.