EFCC presents First Witness in alleged N458m Lagos fraud
The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, on Tuesday, January 20, 2026, presented its first prosecution witness, PW1, Emmanuel Adeyemi, Head of the Fraud Prevention and Investigation Department, Unity Bank, in the alleged N458 million fraud case involving one Ibrahim Habib Ibrahim before Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos.
The EFCC’s Head of Media and Publicity, Dele Oyewale, in a statement made available to journalists on Tuesday, said Ibrahim is standing trial on a two-count charge bordering on alleged money laundering to the tune of N458,396,967.50 (Four Hundred and Fifty-Eight Million, Three Hundred and Ninety-Six Thousand, Nine Hundred and Sixty-Seven Naira, Fifty Kobo), to which he pleaded not guilty.