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Scam

Aug 29, 2025

FRN vs Adonu Kingsley Ifeanyi

Humans

Adonu Kingsley Ifeanyi

Money bag

N10,000,000,000.00
Amount allegedly scammed

Money bag

Case Summary
The accused (a Ponzi scheme operator), allegedly took possession of the said sum through a bank account with account name S. Mobile Netzone Limited' domiciled in Fidelity Bank Plc., which sum he knew forms part of the proceeds of his unlawful activity to wit: stealing and thereby committed an offence contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under Section 15 (3) of the same Act.

Calendar

71
Day(s) since arraignment

Gavel

Case Update
In view of the defendant's plea, the trial judge thereafter ordered that he be remanded at the Ikoyi center of the Nigerian Correctional Services NCoS, and the matter was adjourned for hearing of the bail application.

Court house

Hon. Justice C. J. Aneke
Federal High Court, Ikoyi, Lagos

Legislation

ACJA/ACJL Compliance - not applicable

Case Information
Adonu Kingsley Ifeanyi
Presiding Judge & Designated Court
Hon. Justice C. J. Aneke, Federal High Court, Ikoyi, Lagos
Nature and Number of Charges
5-count charge bordering on money laundering.
Date of 1st Arraignment
Jun 19, 2025
Summary of Case
The accused (a Ponzi scheme operator), allegedly took possession of the said sum through a bank account with account name S. Mobile Netzone Limited' domiciled in Fidelity Bank Plc., which sum he knew forms part of the proceeds of his unlawful activity to wit: stealing and thereby committed an offence contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under Section 15 (3) of the same Act.
Defendant(s) and Plea entered on Arraignment
1. Adonu Kingsley Ifeanyi – Not guilty
Defence Counsel(s)
1. Chibuike Opara (Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. S. I. Suleiman (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
71 day(s)
Case Update
In view of the defendant's plea, the trial judge thereafter ordered that he be remanded at the Ikoyi center of the Nigerian Correctional Services NCoS, and the matter was adjourned for hearing of the bail application.
ACJA/ACJL Compliance
Not Applicable