The Economic and Financial Crimes Commission (EFCC) has arraigned Andrew Odekina before the Special Offences Court in Ikeja, Lagos, over an alleged ₦9,873,215 fraud.
Odekina was brought before Justice Mojisola Dada on Monday by the Lagos Zonal Directorate 1 of the anti-graft agency, sitting in Ikoyi.
He faces a one-count charge bordering on retention of proceeds of criminal conduct, contrary to Section 17(a) and (b) of the EFCC (Establishment) Act, 2004.
According to the prosecution, Odekina and others still at large allegedly received and retained the sum of ₦9,873,215 in his account with First City Monument Bank (FCMB) in 2025.
The EFCC further alleged that the funds formed part of a larger ₦3.09 billion stolen from customer accounts domiciled in the bank through unauthorised access and fraudulent activities carried out via banking applications.
The charge stated that the defendant knowingly retained control of the funds suspected to be proceeds of crime.
Odekina pleaded not guilty when the charge was read to him.
Following his plea, prosecution counsel Babatunde Sonoiki asked the court to fix a trial date and remand the defendant in a correctional facility pending trial. The defendant had no legal representation during the proceedings.
Justice Dada adjourned the case to May 11, 2026, for trial and ordered that Odekina be remanded in a correctional centre.
