Alleged €100m Fraud: EFCC Arraigns BFI Group Corporation

EFCC officers

By JUMOKE SANNI

The Economic and Financial Crimes Commission, EFCC, on Thursday, January 29, 2026 arraigned BFI Group Corporation, Reuben M. Jaja, Uzor Chidi Jerry, David Femi James, Imeobong Jumbo Udom, Adeola Edward and Emeka Emmanuel Okorie before Justice M.S Idris of the Federal Capital Territory, FCT, High Court, Jabi, Abuja for alleged fraud to the tune of €100 million (One Hundred Million Euros).

They were arraigned on a five-count amended charge bordering on fraud, conspiracy and false pretence.

At Thursday’s proceedings, prosecution counsel, Ekele Iheanacho, SAN drew the attention of the court to an amended charge, dated January, 27, 2026 and filed the same date, asking the court that the same charge be read to the defendants to enable them take their plea.

Count one reads: “That you, BFI GROUP CORPORATION, REUBEN M. JAJA, UZOR CHIDI JERRY, DAVID FEMI JAMES, IMEOBONG JUMBO UDOM, ADEOLU EDWARD, EMEKA EMMANUEL OKORIE and other persons (at large) between the 12th of August, 2020 and March, 2021 in Abuja within the jurisdiction of this Honourable court with intent to defraud, conspired amongst yourselves to induce the Central Bank of Nigeria to confer benefit on BFI Group Corporation by false pretence and thereby committed an offense contrary to and punishable under Section 8 (a) and 1 ( 3) of the Advance Fee Fraud and Other Related Offenses Act.”

Count two of the charge reads: “That you BFI GROUP CORPORATION and REUBEN M. JAJA between the 12th of August, 2020 and March 2021 in Abuja within the jurisdiction of this Honourable court with intent to defraud, did attempt to obtain Certificate of Capital Importation for the sum of €100,000,000 (One Hundred Million Euros) in favour of BFI Group Corporation by falsely claiming that the said amount was paid into account no. 010147 – EUR – CDACBN – 52 maintained by the Central Bank of Nigeria (CBN) when you knew that no such account number existed in the CBN and thereby committed an offence contrary to Section 8 (b) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006 and punishable under Section 1(3) of the same Act.”