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Ex-Polaris Bank Chief Remanded in Prison Custody for Alleged Fraud

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The Special Offences Court sitting in the Ikeja area of Lagos State, on Monday, remanded a former branch manager of Polaris Bank, Abiodun Sanni, at the Ikoyi Custodial Centre for alleged multi-million naira fraud.

Sanni was arraigned by the Economic and Financial Crimes Commission (EFCC) on a 16-count charge bordering on obtaining credit by false pretences, forgery, use of false documents, and stealing.

The EFCC counsel, Orhieoghene Adewunmi, told the court that Sanni committed the offences at the Iju branch of the bank in Lagos on February 24, 2020.

The lawyer stated that the defendant, as the branch manager of Polaris Bank, obtained from the bank a credit sum of N17 million in form of a loan.

He said Sanni collected the loan on the pretext that the loan had collateral in the form of a fixed deposit worth N111.1 million, which belonged to one Yinkus Multi-biz Ventures.

The EFCC lawyer also alleged that the former bank manager dishonestly converted a Polaris Bank fixed deposit account worth N15.1 million, belonging to one Joshua Atolagbe, to his personal use.

According to Adewunmi, the alleged offences contravene Sections 36(1), 278(1), 313(1)(a), 361 (1) and 364 (1) of the Criminal Law of Lagos State, 2011.

Sanni, however, pleaded not guilty to all the counts preferred against him.

Adewunmi urged the court to remand the defendant.

“My lord the prosecution intends to call 10 witnesses in this case. We urge the court to remand the defendant in custody in view of his not-guilty plea,” the EFCC lawyer said.

The defence counsel, Osho Oludoshu, told the court that he had filed a bail application.

The presiding judge, Justice Olubunmi Abike-Fadipe, thereafter, remanded Sanni at the custodial centre.

Justice Abike-Fadipe adjourned the case to March 6, 2025, for the commencement of trial.

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IGP Disu Removes Benjamin Hundeyin As FPRO

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The Inspector General of Police, Tunji Disu, has reportedly removed Benjamin Hundeyin as the Force Public Relations Officer (PRO) and replaced him with a new appointee, though the name hasn’t been officially announced.

Hundeyin was previously serving as the Lagos Command PRO before being promoted to the national role.

This move comes as part of Disu’s efforts to revamp the Nigeria Police Force and improve its public image.

As the 23rd IGP, Disu has emphasized professionalism, accountability, and transparency, warning officers that there will be no tolerance for misconduct or abuse of power.

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Assets Declaration: Court Dismisses NDLEA’s Case Against Abba Kyari

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The Federal High Court in Abuja on Thursday, dismissed a case filed by the National Drug Law Enforcement Agency (NDLEA), against suspended DCP Abba Kyari on allegations bordering on non-disclosure of assets.

Justice James Omotosho dismissed the suit, filed against Kyari and his younger brothers, Mohammed Kyari and Ali Kyari, for failure of the anti-narcotic agency to prove its case beyond reasonable doubt.

The judge held that the burden of proving a case beyond reasonable doubt falls in the prosecution which it had failed to do so.
The ruling covers only asset declaration allegations. Other cases including drug related offences are still ongoing.

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NDLEA Nabs UK-wanted Drug Lord after 15-Year Hunt

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The National Drug Law Enforcement Agency (NDLEA) has arrested a 58-year-old fugitive drug lord, Uzoma Valentine Ilomuanya, who had been on the wanted list of Nigerian and British authorities for over 15 years.

His arrest was disclosed in a statement on Wednesday by spokesman of the agency, Mr. Femi Babafemi.

Ilomuanya, according to the agency, was apprehended in Lagos on Monday, February 23, 2026, following what officials described as a high-stakes, well-coordinated operation by officers of the Agency’s Special Operations Unit.

He was first arrested in February 2003 in the United Kingdom and later convicted for drug trafficking.

He was sentenced to nine years’ imprisonment but released after serving two years following a successful appeal.

In July 2011, Ilomuanya was again arrested in the UK for drug-related offences.

Though granted administrative bail, he absconded and fled to Nigeria, evading further prosecution.

In November 2018, NDLEA operatives arrested him in Nigeria after uncovering two clandestine methamphetamine laboratories — one at his country home in Obinugwu, Orlu Local Government Area of Imo State, and another at his residence in Lagos.

During the operation, officers recovered 77.960 kilograms of methamphetamine and extensive drug production equipment.

He was subsequently charged before a Federal High Court in Lagos but later jumped court bail, remaining on the run until his latest arrest.

Reacting to the development, the Chairman and Chief Executive Officer of the NDLEA, Brig. Gen. Mohamed Buba Marwa (rtd), described the arrest as a major breakthrough in the agency’s sustained crackdown on drug trafficking networks.

“This arrest serves as a stern warning to those who think they can hide behind borders to escape justice. Whether you jump bail in London or set up clandestine labs in your village, the long arm of the NDLEA will eventually catch up with those who choose to undermine the health, security, and future of our nation,” Marwa said.

He added that the Agency remains committed to strengthening intelligence-led operations and deepening international collaboration to prevent Nigeria from becoming a safe haven for global drug cartels.

Marwa commended officers of the Special Operations Unit for their professionalism, resilience, and diligence in tracking down the fugitive, stressing that the NDLEA remains unwavering in its resolve to dismantle drug trafficking networks operating within the country.

The agency is expected to proceed with legal action against Ilomuanya in the coming days.

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