BREAKING: EFCC Arraigns Three NRC Directors Over Alleged ₦2.04bn Fraud in Lagos
EFCC arraigns three NRC officials in Lagos over alleged ₦2.04bn fraud, money laundering, and abuse of office before the Ikeja High Court.
The Economic and Financial Crimes Commission (EFCC) has arraigned three senior officials of the Nigerian Railway Corporation (NRC) over an alleged ₦2.04 billion fraud and money laundering scheme in Lagos.
The anti-graft agency brought the charges on Wednesday, February 25, 2026, before different judges of the Lagos State High Court sitting in Ikeja. The accused officials are Felix Njoku, a former Director of Finance at the NRC; Benjamin Chinwuba Iloanusi, currently Director in the Procurement Department; and Oche Jerry Ogbole-Inalegwu, Director of Mechanical.
According to the EFCC, the trio are facing separate charges relating to abuse of office, corruption, unlawful enrichment, and money laundering allegedly committed while holding senior positions within the corporation.
Felix Njoku was arraigned before Justice Olubunmi Abike-Fadipe at the Special Offences Court on a 17-count charge involving an alleged ₦736.3 million fraud.
Prosecutors allege that after leaving his position as Director of Finance, Njoku received ₦240.94 million from contractors linked to projects awarded during his tenure. The funds were allegedly paid into an account operated under the name FC Njoku and Company and domiciled in Zenith Bank Plc. The EFCC maintains that the transactions occurred between January 2 and December 3, 2024, and were connected to contracts previously overseen by the defendant.
In a separate proceeding, Benjamin Chinwuba Iloanusi was arraigned before Justice Ismail Ijelu on a 10-count charge involving an alleged ₦915.27 million fraud. The commission alleges that while serving as Director of Procurement between January 4 and December 30, 2022, Iloanusi received ₦160.93 million from contractors. The payments were reportedly made into accounts domiciled in Polaris Bank Plc and were allegedly tied to contracts awarded under his supervision.
Meanwhile, Oche Jerry Ogbole-Inalegwu appeared before Justice Mojisola Dada at the Special Offences Court on a nine-count charge involving an alleged ₦395.19 million fraud. The EFCC alleges that during his time as Railway District Manager, he received ₦11.39 million from China Civil Engineering Construction Company (CCECC). The payments were allegedly linked to official contracts and were made between February and October 2019.
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The EFCC stated that the charges reflect ongoing efforts to strengthen accountability and transparency in public institutions. The cases were adjourned to allow the defendants to enter their pleas and for further legal proceedings.
The arraignment marks another high-profile prosecution in Nigeria’s continued fight against financial crimes within government agencies.
