The Economic and Financial Crimes Commission (EFCC) arraigned three senior Nigerian Railway Corporation officials on Wednesday. The charges involve alleged fraud, corruption, and money laundering exceeding N2.04 billion. Felix Njoku, former NRC Director of Finance, faces a 17-count charge. The EFCC claims Njoku, through FC Njoku and Company, received N240.94 million from contractors.
These payments were allegedly linked to contracts awarded during his tenure in 2024. Njoku pleaded not guilty, citing administrative bail previously granted by EFCC. Justice Olubunmi Abike-Fadipe granted temporary release for health reasons and restricted his travel. Benjamin Chinwuba Iloanusi, NRC Director of Procurement, faces a 10-count charge of N915 million fraud.
He allegedly received N160.93 million from contractors through Polaris Bank accounts in 2022. Iloanusi pleaded not guilty and was remanded pending his bail application, adjourned to March 3, 2026. Oche Jerry Ogbole-Inalegwu, NRC Director of Mechanical, faces nine counts of N395.19 million fraud.
He allegedly received N11.39 million from China Civil Engineering Construction Company in 2019. Justice Mojisola Dada allowed him to remain on administrative bail, with trial adjourned to April 23, 2026. The EFCC stated the offences violate Sections 332, 73, and 82(c) of the Lagos State Criminal Law, 2011. Trials for the three officials are scheduled between March and May 2026 in Lagos courts.
