The Economic and Financial Crimes Commission (EFCC) has arraigned three individuals over an alleged N156.9 million fraud before the Federal High Court sitting in Ikoyi, Lagos.

The defendants, Chukwu Amaka Goodness, Ajijie Ferdinand Eri and Enyeribe Precious, were arraigned on Friday, November 6, 2026, before Justice D.I. Dipeolu on a 14-count charge bordering on alleged stealing, conspiracy, fraudulent conversion and money laundering.

The charges involve a total sum of N156,922,521.70 (One Hundred and Fifty-Six Million, Nine Hundred and Twenty-Two Thousand, Five Hundred and Twenty-One Naira, Seventy Kobo).

According to the EFCC, some of the allegations against Goodness and Eri relate to the alleged retention of N75 million and N38,364,921.70 in accounts domiciled with Moniepoint Microfinance Bank and Zenith Bank Plc, respectively.

The Commission alleged that the defendants conspired in March 2025 to retain the funds, which they reasonably ought to have known were proceeds of unlawful activities, including stealing.

The charges were brought under Section 21(a) of the Money Laundering (Prohibition and Prevention) Act, 2022.

In a separate charge against the third defendant, Enyeribe Precious, the EFCC alleged that she fraudulently converted household electronics valued at N7.823 million belonging to Bonnibel Ugochi.

The prosecution alleged that the electronics, identified as Edet Eyo household electronics, were converted between February 21 and March 2, 2026, in Lagos.

The alleged offence was brought under Section 383 and punishable under Section 390 of the Criminal Code Act, Laws of the Federation of Nigeria, 2004.

When the charges were read to them, Goodness and Eri pleaded not guilty to 13 of the 14 counts but pleaded guilty to the remaining count.

Precious, on her part, pleaded guilty to the charge preferred against her.

Following the pleas, prosecution counsel, Suleiman I. Suleiman, requested a trial date and urged the court to remand the defendants in a correctional facility.

Justice Dipeolu subsequently adjourned the cases until November 18 and 20, 2026, for the commencement of trial involving Goodness and Eri, as well as a review of facts in the case against Precious.

The judge ordered that Eri be remanded at the Ikoyi Correctional Centre, while Goodness and Precious were remanded at the Kirikiri Correctional Centre.

The matter is expected to resume on the scheduled dates for further proceedings.