Three senior officials of the Nigerian Railway Corporation (NRC)were on Wednesday arraigned in the Lagos State High Court, Ikeja, over alleged fraud and money laundering offences.
They are: Felix Njoku, a former Director of Finance of the Nigerian Railway Corporation; Benjamin Chinwuba Iloanusi, presently a Director in the Procurement Department of the NRC, and Oche Jerry Ogbole, presently Director Mechanical.
They were arraigned by the EFCC on separate charges bordering on alleged abuse of office, money laundering, and unlawful enrichment by public officials to the tune of over N2.04 billion.
Njoku was arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court, Ikeja, on a 17-count charge involving an alleged fraud of N736,320,807.08.
One of the charges against Njoku states:
“That you, Felix Njoku, trading under the name FC Njoku and Company, after leaving office as Director of Finance at the Nigerian Railway Corporation, between 2 January 2024 and 3 December 2024 in Lagos, within the jurisdiction of this Honourable Court, committed an offence, to wit: unlawful enrichment. You allegedly received the cumulative sum of Two Hundred and Forty Million, Nine Hundred and Forty Thousand Naira (N240,940,000.00) from contractors of the Nigerian Railway Corporation through the bank account of FC Njoku and Company, domiciled at Zenith Bank Plc (Account No. 1014247906), in connection with contracts awarded to the said contractors during the discharge of your official duties.”
It was alleged that Njoku, after leaving office as Director of Finance of the NRC, between 2 and 3 January December 2024, received N240,940,000.00 from NRC contractors through the bank account of FC Njoku and Company, domiciled in Zenith Bank Plc, linked to contracts awarded during his tenure.
While Iloanusi was arraigned before Justice Ismail Ijelu of the Lagos State High Court on a 10-count charge involving an alleged N915,265,472.60 fraud.
One of the counts against Iloanusi reads: “That you Benjamin Chinwuba Iloanusi while serving as the Director Procurement Department, Nigerian Railway Corporation, between 4th January, 2022 and 30th December, 2022 in Lagos within the jurisdiction of this Honorable Court, committed an offence, to wit; corruption by receiving the cumulative sum of One Hundred and Sixty Million, Nine Hundred and Thirty Thousand, Four Hundred and Fifty Eight Naira, Four Kobo (N160,930,458.04) from contractors of the Nigerian Railway Corporation through your bank account domiciled in Polaris Bank Plc with account numbers: 1060170530 and 1767841197 respectively, on account of the contracts awarded to the contractors during the discharge of your official duties”.
According to the charge, Iloanusi allegedly received N160,930,458.04 from NRC contractors through accounts domiciled in Polaris Bank Plc, while serving as Director of Procurement between January 4 and December 30, 2022.
The payments were allegedly connected to contracts awarded in the course of his official duties.
Ogbole was arraigned before Justice Mojisola Dada of the Special Offences Court, Ikeja, on a nine-count charge involving an alleged N395,190,600.00 fraud.
One of the counts against Ogbole-Inalegwu reads: “That you Oche Jerry Ogbole-Inalegwu while serving as the Railway District Manager, Nigerian Railway Corporation and transacting under the name of Altech Engineering Services, between 12th February, 2019 and 29th October, 2019 in Lagos within the jurisdiction of this Honorable Court, committed an offence, to wit; corruption by receiving the cumulative sum of Eleven Million, Three Hundred and Ninety Seven Thousand, Five Hundred Naira (N11,397,500.00) from China Civil Engineering Construction Company (CCECC), a contractor of the Nigerian Railway Corporation through the bank account of Altech Engineering Services domiciled in Access Bank Plc with account number: 0018021498, on account of the contracts awarded to CCECC during the discharge of your official duties”.
It was alleged that while Ogbole was serving as Railway District Manager and operating under Altech Engineering Services, he allegedly received N11,397,500.00 from China Civil Engineering Construction Company, CCECC, an NRC contractor, through an Access Bank Plc account in relation to contracts awarded during his official duties.
The offences are said to contravene Sections 332(1) and 332(3), Section 73(1), and Section 82(c) of the Criminal Law of Lagos State, 2011.
When the registrars reads their charges to them at their arraignment, they pleaded “not guilty”.
Thereafter, the counsel to the prosecution, Abba Muhammad, SAN, requested trial dates and urged the courts to remand the defendants in correctional facilities pending trial, noting that the prosecution intended to respond to certain paragraphs in the bail applications on points of law.
The counsel to the defendant, Mordecai Adejo, informed the courts that bail applications had been filed and served, and urged that the defendants be allowed to continue enjoying the administrative bail earlier granted by the EFCC.
Justice Abike-Fadipe granted Njoku temporary release on health grounds, ordering him to deposit his international passport with the court, and report to the EFCC Lagos Directorate 1 office every Monday and Friday.
The matter was adjourned to 10 March 2026 for the hearing of the bail application and 11, 12, 18, and 19 May 2026 for the commencement of the trial.
Justice Ismail Ijelu remanded Iloanusi in a correctional centre and adjourned the case till 3 March 2026, for the hearing of his bail application and commencement of trial.
Justice Dada allowed Ogbole to continue enjoying the administrative bail earlier granted by the EFCC and adjourned the case till 23 April 2026 for hearing.
(Radio Nigeria)
