Ex-Convict Pleads Guilty to ₦12M Bank Fraud in EFCC Case
On Monday, the EFCC arraigned ex-convict Oluokun Gabriel Adekola before Justice Rahman Oshodi at the Lagos State Special Offences Court in Ikeja. He faces a one-count amended charge of stealing ₦12 million in suspected bank fraud proceeds. Prosecutors say Adekola and accomplices laundered the funds through his account in 2025. The money was converted to cash via POS agents and formed part of a ₦3.09 billion theft from a new generation bank’s mobile app. Adekola pleaded guilty when the charge was read. Justice Oshodi adjourned the matter until March 17, 2026, for facts review and sentencing. He remains in custody pending that date. This is his second conviction. In July 2020, he was jailed for 20 years after defrauding a Taiwanese national of $22,300 under a six-count EFCC charge.
Use The App To Win ₦1m
Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.