The Economic and Financial Crimes Commission (EFCC) has arraigned a Lagos-based man, Nosakhare Osarobo Olawale, over an alleged N21 million theft.
Olawale was brought before Justice O.A. Okunuga of the Lagos State High Court sitting in Ikeja on Wednesday, February 18, 2026, by the Lagos Zonal Directorate 2 of the anti-graft agency.
According to the EFCC, the defendant is facing a two-count charge bordering on stealing the sum of N21,000,000 (Twenty-One Million Naira).
The alleged offence is said to contravene provisions of the state’s criminal laws relating to theft and financial misconduct.
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Details of the prosecution’s case were not immediately disclosed in full, but the commission stated that the charges stem from allegations that the defendant unlawfully appropriated the funds.
The arraignment marks the formal commencement of criminal proceedings, during which the charges were read before the court.
The matter is expected to proceed in line with established judicial processes, including the presentation of evidence and arguments by both the prosecution and the defence.
The EFCC has continued to intensify efforts to investigate and prosecute cases involving financial crimes, particularly those affecting individuals and corporate entities.
Further details on the case are available on the commission’s official website, as the trial progresses.