The Economic and Financial Crimes Commission on February 25, 2026, arraigned three senior officials of the Nigerian Railway Corporation at Lagos State High Courts for alleged fraud and money laundering totaling over ₦2.04 billion.
The defendants are: Felix Njoku, former Director of Finance, facing a 17-count charge of ₦736.3 million alleged fraud.
Benjamin Chinwuba Iloanusi, Director of Procurement, accused of ₦915.3 million corruption.
Oche Jerry Ogbole-Inalegwu, Director of Mechanical, facing ₦395.2 million in alleged fraudulent transactions.
Njoku allegedly received ₦240.9 million through his company’s bank account from NRC contractors between January and December 2024. Iloanusi is accused of accepting ₦160.9 million from contractors via Polaris Bank accounts in 2022, while Ogbole-Inalegwu allegedly received ₦11.4 million from a contractor during his tenure as Railway District Manager in 2019.
All defendants pleaded not guilty. Justice Olubunmi Abike-Fadipe granted Njoku temporary release on health grounds, while Iloanusi was remanded and Ogbole-Inalegwu continued on administrative bail. Trial dates are set between March and April 2026.
The charges contravene Sections 332(1) & (3), 73(1), and 82(c) of the Criminal Law of Lagos State, 2011.
