The Economic and Financial Crimes Commission, Lagos Zonal Directorate 1, has arraigned Ali Bala and Yusuf Umar Anka before Justice Olukayode Ogunjobi of the State High Court for an alleged £110,000 and ₦500 million fraud.
The defendants are standing trial on a 10-count charge bordering on money laundering, stealing, and retention of stolen property.
This was disclosed in a statement by the EFCC and shared on its Facebook page on Friday.
The count charge read, “That you, ALI BALA (a.k.a. Barrister Ahmed) and YUSUF UMAR ANKA, sometime in 2025 in Lagos, within the jurisdiction of this Honourable Court, conducted financial transactions involving proceeds of your unlawful activities to disguise the source of the stolen £110,000.00 (One Hundred and Ten Thousand Pounds Sterling), and thereby committed an offence contrary to Section 7(1)(b)(i) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.”
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The defendants pleaded not guilty to the charge.
In view of their pleas, prosecution counsel, H.U. Kofarnaisa, requested for a trial date and urged the court to remand the defendants in a correctional facility.
Defence counsel, however, informed the court of a pending bail application.
In his ruling, Justice Ogunjobi adjourned the case to September 8, 2026, for the hearing of the bail application, and ordered that the defendants be remanded in EFCC custody pending the hearing.