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EFCC charges man over alleged ₦55m fraud in Lagos

On Wednesday, December 3, 2025, the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) brought charges against Gabriel Celestine Nwawuzor before Justice Daniel Osiagor at the Federal High Court in Ikoyi, Lagos, for alleged fraud involving ₦55 million.

This was disclosed by the EFCC via it’s official X handle on December 5, 2025.

According to the statement, Nwawuzor was charged alongside Moonlink Pharmaceuticals Limited with three counts related to fraud and money laundering totaling ₦55 million.

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The anti-graft agency said the offense is contrary to Sections 21(a) and 18(2)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022, and punishable under Section 18(3) of the same Act.

The defendant pleaded “not guilty” to the charges when they were presented.

In light of his plea, prosecution counsel, S. I. Suleiman requested a trial date and for the defendant to be held in a correctional facility until the trial.

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However, the defense counsel submitted a bail application, asking the court to grant bail to his client under the most lenient conditions.

Justice Osiagor granted bail to the defendant in the amount of ₦100 million, requiring two sureties of the same value.

The court ordered Nwawuzor to be held in the custody of the Nigerian Correctional Service (NCoS) until the bail conditions are met.

The case has been adjourned to March 11 and 12, 2026, for trial.

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