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 money laundering and terrorism financing offences involving approximately $2.53 million.
According to court documents filed by the anti-graft agency on June 22, 2026, Bodejo is facing a 12-count charge bordering on the alleged receipt and possession of large sums of foreign currency believed to be linked to proceeds of unlawful activities. The charges were brought under the provisions of the Money Laundering (Prohibition) Act, 2011, and the Money Laundering (Prevention and Prohibition) Act, 2022.
In a statement issued on Wednesday, EFCC spokesperson, Dele Oyewale, said Bodejo is expected to enter his plea once the matter comes up before the court.
The commission alleged that Bodejo received several cash payments from a former Accountant-General of Bauchi State, Sa’idu Abubakar, without processing the transactions through any financial institution, contrary to legal requirements.
One of the charges stated that on January 11, 2022, in Abuja, Bodejo allegedly accepted $100,000 in cash from Abubakar, an amount said to exceed the legal limit for cash transactions.
The charge reads in part: “That you, Bello Abdullahi Bodejo, on or about the 11th day of January 2022, at Abuja, within the jurisdiction of this Honourable Court, did knowingly and willfully, without lawful authority or excuse, accept a payment of the sum of One Hundred Thousand United States Dollars (USD $100,000) in physical currency from one Sa’idu Abubakar… without routing the said transaction through a financial institution as required by law.”
The EFCC further alleged that Bodejo received another $200,000 in physical cash from the same source on January 21, 2022, also in violation of money laundering regulations.
Additional counts accuse him of accepting $500,000 in cash on March 20, 2024, and $980,000 on February 7, 2024.
According to Count Four of the charge, Bodejo allegedly received $980,000 in physical currency from Abubakar in Abuja without processing the transaction through a financial institution, as required by law.
The commission also accused him of possessing funds suspected to be proceeds of unlawful activities. In Count Ten, the EFCC alleged that Bodejo took possession of $980,000 in Abuja on or about February 7, 2024, under circumstances where he knew or reasonably should have known that the money was derived from unlawful activities.
The EFCC stated that the alleged offences are punishable under various sections of the Money Laundering (Prohibition) Act, 2011, as amended, and the Money Laundering (Prevention and Prohibition) Act, 2022.
Bodejo is expected to be arraigned once the court fixes a hearing date.
ADEOLA KUNLE
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