EFCC investigates 60 billion naira in Asaba
By the AFREEQUE newsroom, based on Leadership
The EFCC is investigating alleged transactions worth more than 60 billion naira involving the management of the Federal College of Education (Technical) in Asaba, Nigeria. A Federal High Court order in Asaba on 13 November 2025 had instructed authorities to investigate and prosecute those concerned, according to Leadership.
The Nigerian Economic and Financial Crimes Commission (EFCC) and the Inspector-General of the Nigerian Police Force are investigating an alleged money-laundering operation involving more than 60 billion naira and members of the management of the Federal College of Education (Technical) in Asaba, Delta State. The investigation is intended in particular to establish the origin, movement and beneficiaries of the funds, as well as whether any offences were committed, Leadership reports.
The allegations are contained in a petition filed by the community head of Uti Edem Ojeada Village in Asaba. It concerns the alleged use of a Central Bank of Nigeria account linked to the federal government for private commercial transactions, with the alleged operations beginning on 19 December 2023 on a plot of farmland at Iyi Abi, along the Asaba-Ibusa road.
The investigation follows a Federal High Court order issued in Asaba on 13 November 2025, which instructed the relevant authorities to investigate and prosecute those suspected of being linked to the alleged activities. In a parallel proceeding, the Inspector-General of Police asked the Delta State Commissioner of Police to take the necessary measures to have the case brought before a competent court, according to Leadership.
