The Economic and Financial Crimes Commission (EFCC) has arraigned two men over alleged theft and money laundering involving £110,000 before the Lagos State Special Offences Court sitting in Ikeja.
The EFCC Lagos Zonal Directorate 1 arraigned Ali Bala, also known as Barrister Ahmed, and Yusuf Umar Anka before Justice Olubunmi Abike-Fadipe on Wednesday, October 7, 2026.
The defendants are facing a 10-count charge bordering on stealing, money laundering and retention of stolen property.
According to the charge, the defendants allegedly conducted financial transactions involving proceeds of unlawful activities in 2025 to disguise the source of the £110,000 allegedly stolen.
Another count alleged that Bala and Anka, between July and August 2025, converted N500m belonging to Salihu Muhammed to their personal use.
The alleged offences were said to be contrary to Sections 280(1)(a) and 287 of the Criminal Law of Lagos State, 2011.
The defendants pleaded not guilty to all 10 counts when they were read to them.
Following their pleas, the lead prosecution counsel, Bilikisu Buhari, asked the court to adjourn the matter for trial and order that the defendants be remanded in a correctional facility.
Counsel to the first and second defendants, M. Abubakar and S. Makinde, indicated that they would pursue a plea bargain while awaiting the hearing of their clients’ bail applications.
Justice Fadipe adjourned the case until December 16, 2026, for trial and hearing of the bail applications.
The judge also ordered that the defendants be remanded in a correctional facility.
