The Economic and Financial Crimes Commission (EFCC) has arraigned four individuals, Datau Irimiya Dangyil, Joshua Ayuba Dodo, Lekan Tosin Olatoye, and Caleb Akanmu Kayode, before the Kaduna State High Court for false declaration of assets. The defendants were accused of failing to declare their assets in the Declaration of Assets Form of the EFCC.
The charges stated that the defendants knowingly made false declarations by failing to declare their interests in various accounts domiciled with Palmpay Limited and other financial institutions. The defendants pleaded “not guilty” to the charges, and the prosecution counsel urged the court for a trial date and for the defendants to be remanded in a correctional center.
The defense counsel urged the court to grant the defendants bail, citing their constitutional right to liberty. The court granted bail to Olatoye, Dodo, and Dangyil in the sum of N500,000 each, with one surety each in like sum. The court also ordered the trio to provide their National Identity Cards and three months’ utility bills.
The case has been adjourned till October 15, 16, and 23, 2025, for commencement of trial. The EFCC’s action demonstrates its commitment to holding individuals accountable for financial malfeasance. The outcome of this case will have significant implications for the defendants and the EFCC’s efforts to combat financial crimes.
The EFCC’s investigation and prosecution of the defendants serve as a warning to individuals who engage in financial malfeasance. The commission’s efforts to combat financial crimes and protect the integrity of Nigeria’s financial system are crucial in promoting a stable and secure financial environment.
The defendants’ alleged actions have serious consequences, and the EFCC’s action is a step towards ensuring that those responsible are held accountable. The court’s decision will have significant implications for the defendants and the EFCC’s efforts to combat financial crimes
