By ENITAN ABEL JOHNGOLD ORHERUATA, mnipr
A Federal High Court order has reportedly directed security agencies to investigate and prosecute those allegedly involved in the operation linked to the use of a Federal Government Central Bank account for private business transactions.
The Economic and Financial Crimes Commission (EFCC) has commenced an investigation into an alleged money laundering operation involving members of the management team of the Federal College of Education (Technical), Asaba, Delta State, over transactions reportedly exceeding ₦60 billion.
The investigation follows an order reportedly issued by the Federal High Court sitting in Asaba on November 13, 2025, directing relevant law enforcement agencies responsible for investigating financial crimes to investigate and prosecute individuals allegedly connected with the activities.
The petition, filed by the Community Head of Uti Edem Ojeada Village, Umuonaje Quarters, Asaba, alleges that the operation involved the use of a Federal Government Central Bank account to facilitate private business transactions.
According to the petitioner, the alleged activities have been ongoing since December 19, 2023, at Iyi Abi farmland located along Kilometre One, Asaba-Ibusa Road, Asaba, within Umuonaje Quarters Asaba.
The petitioner further alleges that the financial transactions involved sums exceeding ₦60 billion and has called for a thorough investigation to establish the circumstances surrounding the alleged use of the government-linked account for private business purposes.
The community head disclosed that the EFCC has commenced investigations into the allegations, raising expectations that the financial activities and the roles of individuals allegedly connected with the operation will be thoroughly examined.
In a related development, the Inspector-General of Police is also alleged to have directed the Commissioner of Police, Delta State Command, to ensure that the matter is charged before a competent court in connection with the offences outlined in the petition.
The development is expected to draw attention to questions surrounding financial accountability, the management of public funds and the alleged use of government banking facilities for private commercial transactions.
However, the allegations remain subject to investigation and judicial determination. No individual or institution should be deemed culpable unless the allegations are established through due process of law.
Further developments are expected as the EFCC and the police proceed with their respective investigations.