The Economic and Financial Crimes Commission (EFCC) has arraigned three senior officials of the Nigerian Railway Corporation (NRC) before a Lagos State High Court in Ikeja, accusing them of alleged fraud and money laundering totaling over ₦2.04 billion. The defendants are Felix Njoku, former Director of Finance; Benjamin Chinwuba Iloanusi, Director of Procurement; and Oche Jerry Ogbole-Inalegwu, Director of Mechanical.

Njoku faces a 17-count charge involving ₦736,320,807.08, allegedly received from NRC contractors through his company, FC Njoku and Company. Iloanusi is accused of receiving ₦160,930,458.04 from contractors while serving as Procurement Director. Ogbole-Inalegwu allegedly received ₦11,397,500.00 from China Civil Engineering Construction Company (CCECC).

All defendants pleaded “not guilty” and were granted bail or remanded pending trial. The cases are scheduled for hearing on various dates in March and April 2026.