Nigeria's EFCC arraigns fake presidential adviser on N25 million fraud

The Economic and Financial Crimes Commission (EFCC) arraigned Igoin Tokoni Peter before Justice Obiora Egwuatu of the Federal High Court in Abuja. Peter claimed to be a Special Adviser to the President of Nigeria on ICT Development and Digital Innovation and used that false identity to obtain funds.

He faces four counts of impersonation and fraud, alleging he secured N25,941,787 from Dontown Assets Limited and N19,806,500 from Jeriod Limited through the Smartz Skyward Energy account, promising the money would fund a cryptocurrency exchange licence that did not exist. Peter pleaded not guilty. The court set bail at N400 million, requiring two sureties—a property owner and a Grade‑15 civil servant—both residents of Abuja. He was remanded in Kuje Correctional Centre pending trial, with the case adjourned to 16 July 2026.