The Economic and Financial Crimes Commission, EFCC, on Monday, December 1, 2025, re-arraigned Akindele Akintoye before Justice Ekerete Akpan of the Federal High Court sitting in Abuja, on an amended six count-charge bordering on dishonesty and conversion of $35m Nigerian Content Development and Monitoring Project, NCDMB project.
This was disclosed via an official statement on the EFCC’S official account on X, on Monday.
According to the post, the two other defendants are Platforms Capital Investment Partners Limited and Duport Midstream Company Limited.
Prosecution counsel, E.E Iheanacho, informed the court that the prosecution had an amended charge dated November 27, 2025 and filed the same date.
“We humbly seek that the charge be read to the defendants to take his plea,” he said.
Counsel to the first and second defendants, E.O Adekwu, did not object to the application, while counsel to the third defendant, B.J Akomolafe also did not object.
The defendants pleaded “not guilty” when the amended charges were read to them.
The prosecution counsel called the third witness, Isah Yusuf, who informed the court that he was into sourcing
dollars for people and get commissions, adding that he and one Adeshina used to give the first defendant dollars in cash “but I only saw him physically for the first time in EFCC office during investigation.
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“Sometimes in 2021, PW2, a Zenith Bank staff, Mr. Adeshina called me that he had a customer who had dollars in his account and wanted to swap with physical cash, so I went to meet Mrs. Bunmi, the owner of Oxygen Oil and Gas and Kensley Logistics Ltd and I met another person. Mr. Yunusa who has four corporate accounts: Rochdale Logistics Ltd, Honda Manufacturing, Porkfirst Ltd and Global Factual.
“They transferred the dollars to these company’s accounts and they were paid cash in dollars.” he said.
“I got the dollar in cash from Oxygen Oil and Gas and Kensly Logistics Limited and the other four accounts they gave him cash.”
When asked by the prosecution counsel to tell the court where the location, place of delivery and how many times the delivery were made, the witness said “Victoria island,”
“I used to deliver these cash payments to the office of the defendant on several occasions which I have stated in my statement to the EFCC,” he added..
