Fidet Okhiria Edetanle, former Managing Director of the Nigerian Railway Corporation (NRC), has been arraigned by the Economic and Financial Crimes Commission (EFCC) over alleged fraud involving $385,000 and ₦165,438,000.
Edetanle faces an eight-count charge, including money laundering, abuse of office, and unlawful enrichment by a public official.
He pleaded not guilty to all counts, and the court ordered him remanded in a correctional facility pending trial.
The EFCC alleges Edetanle transferred funds from his NRC accounts to personal accounts, including those of his relatives, and used the proceeds to acquire assets.
The trial is set to continue on May 13, 14, and 15, 2026. Edetanle’s lawyer has filed a bail application, which will be heard on the next court date.
