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EFCC arraigns Ponzi scheme operator for laundering N10bn

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The Economic and Financial Crimes Commission (EFCC) has arraigned one Adonu Kingsley Ifeanyi before a Federal High Court in Lagos for an alleged N10.013, 237, 842 billion money laundering scheme.

The scheme was linked to a fraudulent Ponzi operation.

Ifeanyi, operating under the guise of S. Mobile Netzone Limited, appeared before Justice Chukwujekwu Aneke on a five-count charge in suit number FHC/L/280c/2025.

EFCC’s prosecution counsel, Suleiman I. Suleiman, informed the court that Ifeanyi, claiming partnership with MTN Nigeria, committed the offenses between June 4, 2021, and July 22, 2022.

He alleged that Ifeanyi knowingly took possession of funds believed to be proceeds of unlawful activity and laundered them through accounts belonging to S. Mobile Netzone Limited and Setbiz Datalink Concept Limited.

EFCC alleged that between June 4, 2021, and July 23, 2021, Ifeanyi took possession of N1,076,337,842 (One Billion, Seventy Six Million, Three Hundred and Thirty Seven Thousand, Eight Hundred and Forty Two Naira) through a bank account with the account name ‘S. Mobile Netzone Limited’.

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The Commission also stated that the defendant, between June 2 and July 14, 2021, also took possession of N656,400,000 through the same account.

He faced further accusations of taking possession of N6,791,500,000 between January 15, 2021, and April 14, 2022, through S. Mobile Netzone Limited’s account.

The anti-graft agency also told the court that Ifeanyi took possession of N959,000,000 between March 23 and July 26, 2022, via the same account.

EFCC said the defendant took possession of N530,000,000 between March 15 and March 31, 2022, through an account in the name Setbiz Datalink Concept Limited.

According to the prosecutor, the offenses contravened Section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended), and are punishable under Section 15(3) of the same Act.

One of the counts reads: ”That you ADONU KINGSLEY IFEANYI between 4″ June, 2021 and 23 July, 2021, in Lagos within the jurisdiction of this Honourable Court did take possession of the total sum of N1,076,337,842 (One Billion, Seventy Six Million, Three Hundred and Thirty Seven Thousand, Eight Hundred and Forty Two Naira) through a bank account with account name ‘S.Mobile Netzone Limited’ domiciled in Fidelity Bank Plc., which sum you knew forms part of the proceeds of your unlawful activity to wit: stealing and you thereby committed an offence contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under Section 15 (3) of the same Act.”

When the charges were read to Ifeanyi, he pleaded not guilty.

Following his plea, the prosecution asked the court to fix a trial date and requested that the defendant be remanded in the custody of the correctional center, pending the commencement of the trial.

In response, defense counsel Chibuike Opara did not oppose the trial date but urged the court to remand his client at the EFCC detention facility until his bail application could be filed and determined.

However, Suleiman opposed the request, insisting that once a defendant is arraigned, the appropriate place of custody is the correctional center.

In his ruling, Justice Aneke ordered that Ifeanyi be remanded at the Ikoyi Correctional Center and adjourned the case to July 4, 2025, for hearing of the bail application.

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FCT police arrest suspected k!dnappers in viral video wearing military camourflage and brandishing AK-47 rifles

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The FCT police command have arrested suspected k!dnappers seen in a viral video openly brandishing AK-47 rifles, ammunition, and walkie-talkies, while dressed in military camouflage.

Confirming their arrest to newsmen, the FCT Commissioner of Police, CP Ahmed Sanusi, said immediately he received the viral video and pictures, he directed a detailed forensic analysis into the origin of the content and ordered the immediate arrest of the suspects.

Sanusi mentioned that following digital forensic analysis and actionable intelligence, he directed operatives of the FCT Police VCRU Sector 5 and personnel from Zuba Division, led by the DPO, CSP Ogu Caleb Ikechukwu, on a coordinated operation at Runji Village, Zuba, on May 25 at about 3:22am, where three suspects featured in the videos were arrested at their hideout.

He gave the names of the suspects as Umar Babangida, 25 years old; Adamu Yeti, 22 years old; and Yahaya Idris, 24 years old, all residents of Rijana, Kaduna State.

The police boss said investigations revealed that the suspects had previously been in possession of the AK-47 rifles, which were obtained from their gang leader identified only as “Esco” from Rijana, Kaduna State who is currently at large.

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He mentioned that further investigations also led to the recovery of additional videos and photographs from the suspects’ mobile phones showing them dressed in military camouflage while brandishing AK-47 rifles and carrying walkie-talkies.

The suspects are currently in custody undergoing further investigation, while efforts are ongoing to apprehend Esco the gang leader and other members of the gang who are at large and recover the firearms.

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Political Rallies: No market closure – Enugu Govt warns

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The Enugu State Government has warned against an alleged plan by some market leaders to shut down major markets within the state capital on Saturday to show support during a rally backing reelection of Governor Peter Mbah and President Bola Tinubu.

The government stated that such a move contradicts the Mbah Administration’s determined effort to boost investment, business and productivity in the state, and therefore does not have the government’s blessing.

The government made its position known in a statement issued by the Commissioner for Information and Communication, Dr. Malachy Agbo, on Friday.

It said that people should feel free to go about their businesses, a predisposition it said prompted the decision of Mbah Administration to end illegal Monday sit-at-home effective June 5, 2023.

The statement equally maintained that political association remains an individual right and choice, saying participation in the Saturday rally and subsequent rallies by any group should never truncate businesses or involve any form of compulsion.

“The attention of the Enugu State Government has been drawn to an alleged plan to shut markets in the state capital as a demonstration of solidarity with the Enugu East zonal rally to drum up support for His Excellency, President Bola Ahmed Tinubu, GCFR, and His Excellency, Governor Peter Mbah, ahead of the 2027 general election.

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“While the government appreciates the enormous demonstration of goodwill by traders across the state, it frowns, however, at any attempt by any market leader to shut down major markets in the Enugu East Senatorial District on account of the planned rally.

“This is not only contrary to the administration’s vision and drive to grow Enugu State’s economy from $4.4 billion to $30 billion, and also to position the state as the preferred destination for investment, business, tourism and living, but also the decision of the administration to ban illegal sit-at-home effective June 5, 2023.

“Furthermore, the 1999 Constitution (as amended) guarantees freedom of association and assembly. Thus, nothing should be seen to detract from these rights in this or future rallies by any group whatsoever.

“For emphasis, political participation should be voluntary and without any attempt to deny the people access to markets or other public spaces where they earn their daily living.

“Therefore, members of the public, particularly leaderships of various markets in the state should take note, please, as government will not hesitate to impose sanctions on any action to the contrary,” the statement read.

DR. MALACHY AGBO
Commissioner for Information and Communication
Enugu State
05/06/2026

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Security guard kidnaps employer’s two children, demands ransom

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A private security guard has escaped with two kids from his employer in Minna, with the police suspecting abduction.

The security guard, named Sani Abdulrahaman, a Fulani by tribe, on Sunday, reportedly took Umaru and Anas, both six years old, on Sallah picnic without the knowledge of their father, Alhaji Danjuma, a businessman, and failed to bring them back home.

The father of the children raised the alarm asking the public and security agencies to help him locate the fleeing security guard and his children.

Danjuma said someone called him on Sunday evening and said he was in Erena forest in Shiroro Local Government Area with the children.

According to him, the caller asked for undisclosed ransom before his children who were in their custody would be released.

When contacted, Niger State Command Police Public Relations Officer, SP Wasiu Abiodun, confirmed the incident, which he said occurred about one o’clock on Sunday, May 31.

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Abiodun explained that the security man pretended that he was taking the children for Sallah celebration in the town, but did not return.

He said the police suspected abduction but disclosed that “investigation has commenced and efforts to locate the children are ongoing.”

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