EFCC arraigns BFI Group, six others over alleged €100m CBN capital importation fraud
The {Economic} and {Financial} Crimes Fee (EFCC) on Thursday arraigned BFI Group Company and 6 people earlier than the FCT Excessive Courtroom, Jabi, Abuja.
They’re accused of making an attempt to defraud the Central {Bank} of Nigeria (CBN) of €100 million by means of a pretend Certificates of Capital Importation.
This was disclosed in an announcement posted on the EFCC’s official X account on Thursday.
The defendants, together with Reuben M. Jaja, Uzor Chidi Jerry, David Femi James, Imeobong Jumbo Udom, Adeola Edward, and Emeka Emmanuel Okorie, are dealing with a five-count amended cost overlaying fraud, conspiracy, and false pretence.
In accordance with the EFCC, between August 12, 2020, and March 2021, the defendants allegedly conspired to mislead the CBN into issuing a Certificates of Capital Importation for €100 million, which was by no means deposited into a legitimate account.
“EFCC Arraigns BFI Group Company, Six others for Alleged €100m Fraud The {Economic} and {Financial} Crimes Fee, EFCC, on Thursday, January 29, 2026 arraigned BFI Group Company, Reuben M. Jaja, Uzor Chidi Jerry, David Femi James, Imeobong Jumbo Udom, Adeola Edward and Emeka Emmanuel Okorie earlier than Justice M.S Idris of the Federal Capital Territory, FCT, Excessive Courtroom, Jabi, Abuja for alleged fraud to the tune of €100 million (One Hundred Million Euros),” the assertion learn partly.
When the costs have been learn in court docket, all of the defendants pleaded not responsible.
Rely one of many amended cost alleges that the defendants meant to induce the Central {Bank} of Nigeria (CBN) to confer a profit on BFI Group Company by false pretence, opposite to Sections 8(a) and 1(3) of the Advance Price Fraud and Different Associated Offences Act.
Justice M.S. Idris adjourned the matter till February 3, 2026, for a ruling on the bail functions and to set the trial schedule. The fourth defendant was remanded in EFCC custody, whereas the remaining defendants have been despatched to Kuje Correctional Centre.
The EFCC has continued its struggle towards {financial} crimes throughout Nigeria, concentrating on corruption, contract fraud, and illicit {financial} transactions.
These circumstances reveal the EFCC’s ongoing efforts to detect, prosecute, and get better stolen or misappropriated funds, reinforcing the Fee’s mandate to guard Nigeria’s {financial} system and guarantee accountability.