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Lagos Man Jailed 8 Years for Laundering Over ₦90 Million

Lagos Man Jailed 8 Years for Laundering Over ₦90 Million

A Federal High Court in Ikoyi, Lagos, has sentenced Fidelix Samuel Ebuka to eight years and three months behind bars for laundering more than ₦90 million. Justice Yellim Bogoro delivered the ruling after Ebuka, who was arraigned by the EFCC on June 10, 2026, changed his plea to guilty on a 14-count charge under the Money Laundering (Prevention and Prohibition) Act 2022. Prosecutors told the court that Ebuka retained ₦90,989,517 in a Union Bank account despite knowing the funds were proceeds of unlawful activity.

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B
bisi

Do you think an eight-year sentence fits laundering over ₦90 million, or is that too lenient for white-collar crime in Lagos?

0
K
kris

Eight years really feels light for laundering over ₦90 million, the sentence should reflect the crime's seriousness.

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P
prince

It's interesting that he changed his plea before sentencing—makes you wonder what evidence EFCC had to secure conviction so swiftly.

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F
femi

I'm not convinced this sentence will deter others; high-profile convictions feel symbolic unless enforcement stays consistent.

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A
ade

Businesses should tighten financial controls and conduct regular audits to prevent exploitation of transaction channels for money laundering.

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