Alleged $2.53m fraud: EFCC to prosecute Miyetti Allah president on money laundering, terrorism financing charges

The Economic and Financial Crimes Commission (EFCC) has filed a 12-count charge against the President of Miyetti Allah Kautal Hore, Bello Abdullahi Bodejo, over alleged money laundering and terrorism financing offences involving about $2.53 million.

According to the EFCC, the charges were filed before the Federal High Court in Abuja on June 22, 2026, and the defendant is expected to be arraigned in the coming days.

In a statement issued on Wednesday by EFCC spokesperson, Dele Oyewale, the anti-graft agency alleged that Bodejo received and possessed large sums of foreign currency suspected to be proceeds of unlawful activities, contrary to provisions of the Money Laundering (Prohibition) Act, 2011, and the Money Laundering (Prevention and Prohibition) Act, 2022.

The Commission alleged that Bodejo accepted several cash payments from a former Accountant-General of Bauchi State, Sa’idu Abubakar, without routing the transactions through financial institutions as required by law.

One of the charges alleged that on January 11, 2022, Bodejo received $100,000 in cash from Abubakar in Abuja, while another count accused him of receiving an additional $200,000 on January 21, 2022.

The EFCC further alleged that he accepted $980,000 in physical cash on February 7, 2024, and another $500,000 on March 20, 2024, among other transactions.

According to the anti-corruption agency, the cash transactions exceeded the legal threshold permitted under Nigerian anti-money laundering laws.

The Commission also accused Bodejo of knowingly possessing funds suspected to be proceeds of unlawful activity.

In one of the counts, the EFCC alleged that the defendant took possession of $980,000 under circumstances in which he knew, or reasonably ought to have known, that the funds were derived from unlawful activities.

The agency stated that the alleged offences are punishable under relevant provisions of the Money Laundering (Prohibition) Act, 2011 (as amended), and the Money Laundering (Prevention and Prohibition) Act, 2022.

Bodejo is expected to enter his plea once the court fixes a date for his arraignment.

As with all criminal proceedings, the allegations remain accusations, and the defendant is presumed innocent unless and until proven guilty by the court.

Join Very Nigerian WhatsApp Community
For Quick Access To News and Happenings
Around You.