The Economic and Financial Crimes Commission (EFCC) is set to arraign Bello Bodejo before the Federal High Court in Abuja over allegations of terrorism financing and money laundering involving $2.53 million.

The Commission filed a 12-count charge before the court on Monday, June 22, 2026, alleging that Bodejo received and possessed substantial sums of foreign currency suspected to be proceeds of unlawful activities, contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act.

In a statement issued on Wednesday, the EFCC’s Head of Media and Publicity, Mr. Dele Oyewale, said Bodejo is expected to enter his plea in the coming days as the Commission begins formal prosecution.

Count one of the charge alleges:

“That you, BELLO ABDULLAHI BODEJO (male adult), on or about the 11th day of January 2022, at Abuja, within the jurisdiction of this Honourable Court, knowingly and wilfully accepted the sum of One Hundred Thousand United States Dollars (USD100,000) in cash from SA’IDU ABUBAKAR, a former Accountant-General of Bauchi State, without routing the transaction through a financial institution as required by law, thereby committing an offence contrary to Section 16(1)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended).”

Count two alleges that on January 21, 2022, Bodejo similarly accepted USD200,000 in cash from the same source, allegedly in breach of the statutory cash transaction threshold prescribed by law.

Another count alleges that on March 20, 2024, Bodejo received USD500,000 in physical cash from the same source, exceeding the legal threshold stipulated under the Money Laundering (Prevention and Prohibition) Act, 2022.

Count four further alleges that on February 7, 2024, Bodejo accepted USD980,000 in cash from SA’IDU ABUBAKAR without routing the transaction through a financial institution, contrary to Section 19(1)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022.

According to count 10, Bodejo allegedly took possession of USD980,000 in Abuja on or about February 7, 2024, under circumstances in which he knew, or reasonably ought to have known, that the funds were proceeds of unlawful activity, specifically money laundering.

The EFCC stated that all the alleged offences are punishable under various provisions of the Money Laundering (Prohibition) Act, 2011 (as amended), and the Money Laundering (Prevention and Prohibition) Act, 2022.

Further proceedings are expected once the court fixes a date for Bodejo’s arraignment.