The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Friday, September 4, 2026, arraigned Ali Bala and Yusuf Umar Anka before Justice Olukayode Ogunjobi of the State High Court sitting in Ikeja, Lagos, for an alleged £110,000 and ₦500 million fraud.
The
defendants are standing trial on a 10-count charge bordering on money
laundering, stealing, and retention of stolen property.
One of the
counts reads: “That you, ALI BALA (a.k.a. Barrister Ahmed) and YUSUF UMAR ANKA,
sometime in 2025 in Lagos, within the jurisdiction of this Honourable Court,
conducted financial transactions involving proceeds of your unlawful activities
to disguise the source of the stolen £110,000.00 (One Hundred and Ten Thousand
Pounds Sterling), and thereby committed an offence contrary to Section
7(1)(b)(i) of the Advance Fee Fraud and Other Fraud Related Offences Act,
2006.”
The
defendants pleaded “not guilty” to the charge.
In view of
their pleas, prosecution counsel, H.U. Kofarnaisa, requested for a trial date
and urged the court to remand the defendants in a correctional facility.
Defence
counsel, however, informed the court of a pending bail application.
In his
ruling, Justice Ogunjobi adjourned the matter to September 8, 2026, for the
hearing of the bail application, and ordered that the defendants be remanded in
EFCC custody pending the hearing.
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