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EFCC Arraigns APC House of Reps Aspirant, Others Over Alleged ₦652m Theft

EFCC Arraigns APC House of Reps Aspirant, Others Over Alleged ₦652m Theft

The Economic and Financial Crimes Commission has arraigned Issa Lateef Aloba, an APC House of Representatives aspirant for Apapa Federal Constituency, and two others over the alleged theft and laundering of ₦652.18 million. The defendants were arraigned before Justice Olubunmi Abike-Fadipe at the Lagos Special Offences Court in Ikeja on an eight-count charge involving conspiracy, stealing and money laundering. The funds were alleged to belong to Petrocam Trading Nigeria Limited. All defendants pleaded not guilty. The court granted bail to two of them under varying conditions, while Aloba was allowed to continue on EFCC administrative bail pending a formal written application. Trial is scheduled to begin on December 8 and 9, 2026.

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Y
yemi

What safeguards should parties demand from aspirants when allegations involving public-scale sums reach this stage?

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J
jesse

Should parties require independent disclosure and suspension rules before clearing aspirants facing allegations of this scale?

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P
prince

The alleged amount is striking, and the case involving three defendants will likely draw attention beyond Apapa politics.

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K
kris

An arraignment is serious, but it is not a conviction. The court process should be allowed to test the allegations properly.

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K
kunle

Residents and party members should follow the charges, court dates, and eventual ruling instead of relying on headlines alone.

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