The Economic and Financial Crimes Commission (EFCC) is set to arraign Bello Abdullahi Bodejo before a Federal High Court sitting in Abuja over allegations bordering on terrorism financing and money laundering to the tune of $2.530 million.
According to the EFCC spokesman, Dele Oyewale, the anti-graft agency, on Monday, June 22, 2026, filed a twelve-count charge before the Federal High Court against Bodejo, alleging that he received and possessed large sums of cash in foreign currency linked to the proceeds of unlawful activities in contravention of the Money Laundering (Prevention & Prohibition) Act, 2011.
Bodejo, linked to Bauchi State Governor Bala Mohammed, is expected to take his plea before the court in the coming days as the commission commences formal proceedings.
Count one of the charges read: “That you, BELLO ABDULLAHI BODEJO (male adult), on or about the 11th day of January 2022, at Abuja, within the jurisdiction of this Honourable Court, did knowingly and wilfully, without lawful authority or excuse, accept a payment of the sum of $100,000 in physical currency from one SA’IDU ABUBAKAR, a former Accountant-General Bauchi State who is currently in the lawful custody of the Nigerian Police Force, which exceeded the statutory cash transaction threshold of N5 million prescribed under Section 1(a) of the Money Laundering (Prohibition) Act, 2011 (as amended) without routing the said transaction through a financial institution as required by law, and thereby committed an offence contrary to Section 16(1)(d) of the Money Laundering Prohibition Act, 2011 (as amended) and punishable under Section 16(2)(b) of the same Act.”
Count two reads: “That you, BELLO ABDULLAHI BODEIO (male adult), on or about the 21st day of January 2022, at Abuja, within the jurisdiction of this Honourable Court, did knowingly and wilfully, without lawful authority or excuse, accept a payment of the sum of $200,000 in physical currency from one SA’IDU ABUBAKAR, a former Accountant-General of Bauchi State who is currently in the lawful custody of the Nigerian Police Force, which exceeded the statutory cash transaction N5 million prescribed under Section 1(a) of the Money Laundering (Prohibition) Act, 2011 (as amended), without routing the said transaction through a financial institution as required by law, and you thereby committed an offence contrary to Section 16(1)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 16(2)(b) of the same Act.”
Another count alleges that on March 20, 2024, Bodejo received $500,000 in physical cash from the same source, an amount said to have exceeded the legal cash transaction threshold prescribed under the Money Laundering (Prevention and Prohibition) Act, 2022.
“All the alleged offences are punishable under various provisions of the Money Laundering (Prohibition) Act, 2011 (as amended), and the Money Laundering (Prevention and Prohibition) Act, 2022,” Oyewale said.
Further proceedings are expected to follow as the Commission awaits the arraignment date.
Credit: The Sun