• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

EFCC arraigns Peace Corps commandant, Dickson Akon, finance director over N60 million fraud 

Rosalia Ozibo by Rosalia Ozibo
December 12, 2025
in Business News, Crime and Insecurity
EFCC arraigns Peace Corps commandant, Dickson Akon, finance director over N60 million fraud 
Share on FacebookShare on TwitterShare on Linkedin

The Economic and Financial Crimes Commission(EFCC), Abuja Zonal Directorate has arraigned the Commandant of the Nigeria Peace Corps, Dickson Akon, and the Director of Finance, Omolala Aminat Ahmed, over alleged misappropriation of N60 million allocated for badge supplies.

The arraignment took place at the Federal Capital Territory High Court, Abuja, before Justice H. B. Yusuf, with the defendants facing a two-count charge of criminal misappropriation of funds.

The development comes amid heightened scrutiny of public agency spending, following multiple high-profile EFCC investigations into alleged corruption and diversion of government funds.

MoreStories

US work permits, extension period for work permits, USCIS,

UK drops foreign student target, eyes £40bn education exports by 2030 

January 22, 2026
Appeal Court dismisses Governor Fubara’s request to restore N800 billion budget passed by four lawmakers 

Impeachment: Rivers Chief Judge refuses to set up panel to probe Fubara

January 22, 2026

What they are saying 

The EFCC said the defendants were arraigned on a two-count charge punishable under Section 96 of the Penal Code Laws of the FCT.

The first count reads: “That you, Dickson Akon and Omolola Aminat Ahmed in the year 2024 at Abuja, FCT, within the jurisdiction of this honorable court did agree among yourselves to do an illegal act, to wit criminal misappropriation and thereby committed an offence punishable under Section 96 of the Penal Code Laws of the FCT.” 

The second count alleges: “That you, Dickson Akon and Omolola Aminat Ahmed in the year 2024 at Abuja, FCT, within the jurisdiction of this honorable court did agree among yourselves and dishonestly converted to your personal use the sum of N46,000,000.00 (Forty Six Million Naira only) out of the sum of N60,000,000.00 (Sixty Million Naira only) meant for the execution of contract for the supply of badges.” 

Both defendants pleaded not guilty to all charges when the court read them out. Following the pleas, prosecution counsel, Khalid Sanusi, requested a trial commencement date.

Justice Yusuf adjourned the matter to February 25, 2026, and granted the defendants bail of N5 million each with one surety in the same amount. The sureties are required to be of reputable character and residents of Abuja.

What you should know 

Earlier in 2025, the commission brought six officials of the Kwara State Universal Basic Education Board (SUBEB) before a high court in Ilorin over an alleged N96 million fraud, where the accused were charged with criminal breach of trust and misappropriation of public funds entrusted to them in their official roles.

In that matter, the court set a trial date after the charges were read and the defendants pleaded not guilty, highlighting that EFCC action often follows similar patterns of court proceedings in alleged public fund misuse cases.

Another high-profile case involved the former Managing Director of the Asset Management Corporation of Nigeria (AMCON) and others, who were arraigned on multiple counts related to an alleged N76 billion and $31.5 million fraud tied to the handling of Arik Airline’s assets. In that instance the EFCC charged the defendants with theft and abuse of office, and contested bail due to the severity of the economic allegations.

More recently, the commission prosecuted a former chair of the Nigeria Social Insurance Trust Fund (NSITF) on an eight-count charge over alleged conversion and laundering of approximately N1 billion in funds. In that case, the defendant pleaded not guilty and the court processed bail and set further hearings, reflecting the EFCC’s continued focus on major financial misconduct cases involving senior officials.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Rosalia Ozibo

Rosalia Ozibo

Rosalia is a versatile journalist with a focus on technology and education. She has a talent for turning complex ideas into engaging stories, exploring how innovation and learning shape the future of people, business, and society. From tracking shifts in digital transformation and emerging tech to writing about developments in education policy and practice, her work bridges insight and accessibility. Known for sharp analysis and compelling storytelling, she continues to provide readers with perspectives that connect knowledge, opportunity, and the evolving world of work.

Next Post
Geregu Power PLC wins “Most Compliant Listed Company” at 2024 Made of Africa Awards  

Geregu Power forecasts N17.06 billion Q1 2026 profit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

access bank
nairametrics
first bank









DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics