Justice Yellim Bogoro of the Federal High Court in Ikoyi, Lagos, has convicted and sentenced Fidelix Samuel Ebuka to eight years and three months’ imprisonment for laundering over N90.9 million.
Ebuka was prosecuted by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on a 14-count charge bordering on the retention of proceeds of unlawful activities amounting to N90,989,517.
According to the EFCC, the defendant retained the funds in his Union Bank account, knowing or reasonably expected to have known that the money was derived from unlawful activities, contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
He was initially arraigned on June 10, 2026, where he pleaded not guilty to all the charges. However, during proceedings on July 8, 2026, he changed his plea to guilty.
Following the guilty plea, prosecuting counsel, Bilkisu Buhari, urged the court to convict and sentence the defendant in accordance with the law.
In his judgment delivered on Friday, July 17, 2026, Justice Bogoro sentenced Ebuka to eight years and three months’ imprisonment, with an option of a N8.5 million fine.
The court also directed the convict to perform two weeks of community service in relation to one of the counts.
Additionally, Justice Bogoro ordered the forfeiture to the Federal Government of several assets recovered from the convict, including an iPhone 15 Pro Max, iPhone XR, iPhone 12 Pro Max, iPhone 13 Pro Max, a Mercedes-Benz G65, a 2014 Mercedes-Benz ML, a gold chain, and two HP laptops.
The conviction is part of the EFCC’s ongoing efforts to combat money laundering and other financial crimes across the country.
