The Economic and Financial Crimes Commission (EFCC) has arraigned a former Managing Director of the Nigerian Railway Corporation (NRC), F...
The Economic and Financial Crimes Commission (EFCC) has arraigned a former Managing Director of the Nigerian Railway Corporation (NRC), Fidet Okhiria Edetanle, before the Special Offences Court sitting in Ikeja, Lagos, over alleged money laundering involving $385,000 and ₦165,438,000.
Edetanle was docked on Wednesday, February 24, 2026, before Justice Rahman Oshodi by the Lagos Zonal Directorate 1 of the EFCC, Ikoyi, on a seven-count charge bordering on abuse of office, money laundering, and unlawful enrichment.
According to the anti-graft agency, the alleged offences contravene Sections 332(1) and 332(3), Section 73(1), and Section 82(c) of the Criminal Law of Lagos State, 2011.
One of the charges alleged that while serving as NRC Managing Director between May 29 and September 11, 2024, the defendant transferred a cumulative sum of $205,000 from his domiciliary account with Access Bank Plc to an account belonging to Ehimen Richard Okhiria at ABN AMRO Bank in the Netherlands. The EFCC claims the funds were proceeds of unlawful activities.
In another count, the commission alleged that after leaving office, between October 21 and November 21, 2024, Edetanle transferred an additional $40,000 from the same domiciliary account to the Netherlands-based account, also said to be proceeds of unlawful activities.
The defendant pleaded not guilty to all the charges.
Following his plea, prosecution counsel, Abba Muhammad, SAN, asked the court to fix a date for trial and remand the defendant in a correctional facility pending the commencement of proceedings.
Defence counsel, Adebowale Kamoru, however, told the court that he had only just been served with the charge and requested a short adjournment to enable him to file a bail application on behalf of his client.
After hearing both parties, Justice Oshodi adjourned the case to May 13, 14, and 15, 2026, for the commencement of trial. The court also ordered that the defendant be remanded in a maximum correctional facility pending the hearing and determination of his bail application.
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