EFCC Arraigns Mahmud A. Abubakar for Alleged N1.09b Fraud in Abuja

The Economic and Financial Crimes Commission, EFCC, on Wednesday, September 2, 2026, arraigned one Mahmud A. Abubakar before Justice N.C. Nwabulu of the Federal Capital Territory High Court, Maitama, Abuja.
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Abubakar was arraigned on a two-count charge bordering on retention of proceeds of a criminal activity to the tune of N1,098,976,008 (One Billion, Ninety-Eight Million, Nine Hundred and Seventy-six Thousand and Eight Naira).

Count one reads: “That you Mahmud A. Abubakar, between January 2024 and December 2024, within the jurisdiction of this Honourable Court did retain control of the proceeds of a criminal conduct totalling N795,360,000 (Seven Hundred and Ninety-five million, Three hundred and Sixty Thousand Naira) in your Access Bank with name Mahmud A. Abubakar and number 0057310017, which sum you knew that the same was derived from criminal conduct and thereby committed an offence contrary to Section 17(a) of the Economic and Financial Crimes Commission (Establishment) Act 2004 and punishable under Section 17(b) of the same Act.”

Count two reads: “That you Mahmud A. Abubakar, between January 2024 and December 2024, within the jurisdiction of this Honourable Court did transfer proceeds of a criminal conduct totalling N303,616,008 (Three Hundred and Three Million, Six Hundred and Sixteen Thousand Eight Naira) from your Access Bank with name Mahmud A. Abubakar and number 0057310017, to one Suleiman Umar which sum you knew that the same was derived from criminal conduct and thereby committed an offence contrary to Section 17(a) of the Economic and Financial Crimes Commission (Establishment) Act 2004 and punishable under Section 17(b) of the same Act.”

He pleaded “not guilty,” to the charges, prompting the prosecution counsel, Y.Y. Tarfa, to request a trial date and for the defendant to be remanded in a Correctional Centre, while the defence counsel, A. M. Aliyu, filed a bail application, which was not opposed by the prosecution counsel.

Justice Nwabulu granted the defendant bail with two sureties, both of whom must be Level 15 civil servants, with one required to be a landed property owner in the Federal Capital Territory, FCT.

EFCC

The judge further ordered that the defendant be remanded in Kuje Correctional Centre, Abuja, pending the fulfilment of the bail conditions and adjourned the matter till September 30, 2026, for commencement of trial.
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Nigerian Navy Intensifies Anti-crude Oil Theft Operations, Illegally Refined Products

The Nigerian Navy has recorded another significant operational gain in its ongoing efforts against crude oil theft and illegal refining, with the discovery of 3 suspected illegal refining sites, 6 reservoirs and approximately 99,000 litres of products suspected to be stolen crude oil and illegally refined Automotive Gas Oil (AGO) across operational areas in Rivers and Delta States.
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The discoveries were made in separate operations conducted by Nigerian Navy Ship (NNS) SOROH and NNS DELTA on 31 August 2026, following credible intelligence on suspected illegal petroleum activities. The operations also uncovered illegal refining infrastructure, including a large refining oven, storage facilities and dugout reservoirs containing suspected stolen crude oil.

The combined discoveries represent a substantial disruption to illicit petroleum activities, particularly the storage and processing infrastructure required to sustain the illegal trade. The identified sites, facilities and recovered products were appropriately handled in accordance with established procedures.

Nigerian Navy

The latest successes demonstrate the Nigerian Navy’s ability to maintain pressure across multiple operational areas while denying criminal networks the infrastructure required to sustain crude oil theft and illegal refining activities.

Signed

Abiodun Folorunsho

Navy Captain

Director Naval Information
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NIGERIAN Navy, in Collaboration with Sister Security Agencies Foiled Illegal Recruitment Scheme, Arrest 12 in Akwa Ibom

The Nigerian Navy, in collaboration with sister security agencies, has foiled an illegal recruitment and training scheme operating outside the framework of recognised law and regulatory authority, with the potential to defraud unsuspecting members of the public in Essien Udim Local Government Area of Akwa Ibom State.
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The operation was conducted on 31 August 2026 by personnel of Nigerian Navy Ship (NNS) JUBILEE, in collaboration with Headquarters 2 Brigade/Operation THUNDER, 6 Battalion Nigerian Army and operatives of the Violent Crime Response Unit (VCRU) of the Akwa Ibom State Police Command, following credible intelligence on the activities of a purported Nigeria Coast Guard Academy at Uwa West, Essien Udim.

The joint team raided the Merchant Seaman Academy, which was allegedly being used as a venue for the unauthorised recruitment and training of persons presented as provisional cadets of the purported agency. Preliminary findings indicated that the recruitment and training activities were not authorised or recognised under applicable law, raising concerns that unsuspecting Nigerians could be lured into the scheme through false representations.

The operation resulted in the arrest of 12 persons, comprising six suspected organisers/officials, five recruits or trainees and one cadet of the Merchant Seaman Academy. The suspects were subsequently handed over to the Violent Crime Response Unit of the Akwa Ibom State Police Command for further investigation and necessary legal action.

The intervention highlights the Nigerian Navy’s proactive approach to identifying emerging threats before they develop into wider security and public-safety challenges. The operation has also helped disrupt a structure allegedly exploiting the legitimate aspirations of Nigerians seeking careers in the maritime and security sectors.

The Nigerian Navy urges members of the public to exercise caution when responding to recruitment advertisements or offers from purported security, maritime or military organisations, particularly where such organisations cannot establish appropriate legal recognition or regulatory approval. Prospective applicants are encouraged to verify the authenticity of such organisations and recruitment exercises through appropriate government channels before committing funds or personal information.

Nigerian Navy

The successful operation further demonstrates the value of intelligence-led action and inter-agency cooperation in protecting citizens from criminal exploitation. The Nigerian Navy remains committed to working with sister security agencies to safeguard lives and property, disrupt criminal enterprises and deny unscrupulous elements the opportunity to exploit the public.

Signed

Abiodun Folorunsho

Navy Captain

Director Naval

Information
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