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From Enweliku Kent, Asaba
The Economic and Financial Crimes Commission (EFCC) has commenced investigations into an alleged money laundering operation involving members of the management team of the Federal College of Education Technical, Asaba, Delta State, involving more than ₦60 billion.
The development follows a Federal High Court order issued in Asaba on November 13, 2025, directing law enforcement agencies responsible for investigating financial crimes to investigate and prosecute those allegedly involved in the operation.
The allegations concern the alleged use of the Federal Government’s Central Bank account to conduct private business activities at Kilometre One, Asaba-Ibusa Road, Asaba.
The petition alleged that the activities have been taking place since December 19, 2023, within premises belonging to the Community Head of Uti Edem Ojeada Village, property located at kilometer One Asaba Ibusa road Asaba at Iyi Abi farmland, Umuonaje Quarters Asaba
The petitioner and Community Head of Uti Edem Ojeada Village, said the EFCC has commenced investigations into the alleged financial activities.
The Inspector General has directed that the culprits be charged to court.
