The Economic and Financial Crimes Commission (EFCC) is set to arraign the President of Miyetti Allah Kautal Hore, Bello Bodejo, before the Federal High Court in Abuja over alleged terrorism financing and money laundering offences involving about $2.53 million.
According to court documents filed by the anti-graft agency on June 22, 2026, Bodejo faces a 12-count charge bordering on the receipt and possession of large sums of foreign currency allegedly linked to proceeds of unlawful activities.
The EFCC accused Bodejo of receiving multiple cash payments from a former Accountant-General of Bauchi State, Sa’idu Abubakar, without processing the transactions through financial institutions as required by Nigeria’s money laundering laws.
One of the charges alleged that Bodejo accepted $100,000 in cash from Abubakar on January 11, 2022, in Abuja, a transaction the commission said exceeded the legal limit for cash dealings.
The commission also alleged that he received another $200,000 in physical cash on January 21, 2022, and later accepted $500,000 on March 20, 2024.
In a separate count, the EFCC claimed Bodejo collected $980,000 in cash on February 7, 2024, also outside the banking system.
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According to the agency, the transactions violated provisions of the Money Laundering (Prohibition) Act, 2011, and the Money Laundering (Prevention and Prohibition) Act, 2022.
Beyond the allegations of unlawful cash transactions, the EFCC accused Bodejo of knowingly possessing funds suspected to be proceeds of criminal activity.
One of the charges stated that he took possession of $980,000 under circumstances where he knew, or ought reasonably to have known, that the money originated from unlawful activities.
The commission said the alleged offences are punishable under Nigeria’s anti-money laundering laws.
Bodejo is expected to appear before the Federal High Court to enter his plea once the court fixes a date for his arraignment.
The EFCC has yet to disclose further details regarding the alleged source of the funds or the terrorism financing claims referenced in the case.
