The boxer is accused of “theft, value $100,000 or greater” and “drawing or passing a cheque with intent to defraud, value $1,200 or greater”.
The sanctions against Pilot Finance Limited include an asset freeze, the disqualification of Mr Akinola as the company’s director, and trust services sanctions.
The ceaseless flow of public funds to a politician who no longer holds public office underscores yet again the economic toll of Nigeria’s unwieldy IPPIS infrastructure.
The matter was adjourned to July 2, 2026 for arraignment.
According to court documents and evidence presented at trial, the commissioner accepted $100,000 in bribes. He was sentenced to 10 years in prison.
The bank fraud charge carries a maximum penalty of 30 years in prison and a $1,000,000 fine, or twice the gross gain or loss from the offence.
The auditor-general for the federation, Shaakaa Chira, says public-sector auditing is imperative for strengthening Nigeria’s democracy.
The police boss named Ojiyovwi Miracle, Goodluck Ovuijeddo, Dennis Uvietesivwi, Ransome Monday and Hilda Ejohwemu as 1st to 5th defendants respectively.
The project’s shady nature was uncovered after investigators found that the aircraft was the property of Ethiopian Airlines.
“The law must be effective when it catches the lion, not only when it catches the rabbit. NNPC’s reputation is for fraud. NNPC is a house of thieves,” said Mr Oshiomhole.
