How Former Nigerian Railway Corporation CEO Allegedly Laundered Monies To The Netherlands—EFCC

<h4>How Former Nigerian Railway Corporation CEO Allegedly Laundered Monies To The Netherlands<&sol;h4>&NewLine;<h4><&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission&comma; EFCC&comma; Ikoyi&comma; Lagos&comma; on Wednesday&comma; February 24&comma; 2026&comma; arraigned a former Managing Director of the <strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">Nigerian Railway Corporation &lpar;NRC&rpar;<&sol;a><&sol;strong>&comma; Fidet Okhiria Edetanle&comma; before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja&comma; Lagos&comma; over alleged &dollar;385&comma;000 and ₦165&comma;438&comma;000&period;00 fraud&period;<&sol;p>&NewLine;<p>Edetanle was arraigned on a seven-count charge bordering on alleged abuse of office&comma; money laundering&comma; and unlawful enrichment by a public official&period;<&sol;p>&NewLine;<p>The offences are said to contravene Sections 332&lpar;1&rpar; and 332&lpar;3&rpar;&comma; Section 73&lpar;1&rpar;&comma; and Section 82&lpar;c&rpar; of the Criminal Law of Lagos State&comma; 2011&period;<&sol;p>&NewLine;<p>One of the counts reads&colon;<br &sol;>&NewLine;<em><strong>&OpenCurlyDoubleQuote;That you&comma; Fidet Okhiria Edetanle&comma; while serving as the Managing Director of the Nigerian Railway Corporation&comma; between May 29&comma; 2024 and September 11&comma; 2024&comma; in Lagos&comma; within the jurisdiction of this Honourable Court&comma; committed an offence&comma; to wit&colon; money laundering&comma; by transferring the cumulative sum of Two Hundred and Five Thousand United States Dollars &lpar;&dollar;205&comma;000&period;00&rpar; from your domiciliary account domiciled in Access Bank Plc&comma; account number 0010069159&comma; being proceeds of unlawful activities&comma; to the bank account of Ehimen Richard Okhiria domiciled in ABN AMRO Bank&comma; Netherlands&comma; with account number NL38ABNA011257662&period;”<&sol;strong><&sol;em><&sol;p>&NewLine;<p>Another count reads&colon;<br &sol;>&NewLine;<em><strong>&OpenCurlyDoubleQuote;You&comma; Fidet Okhiria Edetanle&comma; after leaving office as Managing Director of the Nigerian Railway Corporation&comma; between October 21&comma; 2024 and November 21&comma; 2024&comma; in Lagos within the jurisdiction of this Honourable Court&comma; committed an offence&comma; to wit&colon; <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">money laundering&comma;<&sol;a> by transferring the cumulative sum of Forty Thousand United States Dollars &lpar;&dollar;40&comma;000&period;00&rpar; from your domiciliary account in Access Bank Plc to the bank account of Ehimen Richard Okhiria domiciled in ABN AMRO Bank&comma; Netherlands&comma; being proceeds of unlawful activities&period;”<&sol;strong><&sol;em><&sol;p>&NewLine;<p>The defendant pleaded &OpenCurlyDoubleQuote;not guilty” to all the charges preferred against him&period;<&sol;p>&NewLine;<p>Following his plea&comma; the prosecution counsel&comma; Abba Muhammad&comma; SAN&comma; requested a trial date and urged the court to remand the defendant in a correctional facility pending trial&period;<&sol;p>&NewLine;<p>However&comma; the defence counsel&comma; Adebowale Kamoru&comma; informed the court that he had just received the charge and requested a short adjournment to enable him to file a bail application&period;<&sol;p>&NewLine;<p>After listening to both parties&comma; Justice Oshodi adjourned the matter till May 13&comma; 14&comma; and 15&comma; 2026 for commencement of trial and ordered that the defendant be remanded in a maximum correctional facility pending the determination of his bail application&period;<&sol;p>&NewLine;