The Economic and Financial Crimes Commission is preparing to arraign Bello Bodejo on accusations of financing terrorism and laundering money amounting to $2.530 million, after lodging a 12 count charge at the Federal High Court in Abuja.

An agency statement by spokesman Dele Oyewale said Bodejo, said to be linked to Bauchi State Governor Bala Mohammed, would enter his plea shortly. He is accused of taking and holding sizeable amounts of foreign currency tied to the proceeds of unlawful activity.

The opening count alleges that in January 2022 he accepted $100,000 in cash from a former Bauchi State Accountant General, breaching the legal ceiling on cash dealings by not channeling the money through a bank. Further counts allege he collected $500,000 in March 2024 and held $980,000 in February 2024.

Separately, the commission’s case against Ufoma Immanuel, who heads Intermediate Investment Holdings Limited and Chappal Energy, has stirred debate. Arraigned in Lagos over a disputed $1.5 million investment, Immanuel contends the matter is a commercial quarrel already before the Supreme Court of Mauritius, and that the EFCC moved against him despite a standing court order. Justice Mojisola Dada threw out his preliminary objections and bail bid, keeping him in custody.