The Lagos Zonal Directorate 1 of the EFCC, on Monday, March 16, 2026, arraigned an ex-convict, Oluokun Gabriel Adekola, for an alleged N12 million theft before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos. Adekola and others still at large, sometime in 2025 in Lagos, allegedly collaborated to conceal and disguise the true origin of the N12 million paid into his account by transferring and converting the funds to cash through POS agents.
The sum is alleged to form part of N3,091,441,849 reportedly stolen from accounts domiciled with one of the new generated bank through unauthorized access and fraudulent activities carried out on the bank’s mobile banking applications. He pleaded “guilty” to the charge when it was read to him.
