A man alleged to have posed as a presidential adviser has appeared in court in Abuja over charges linked to a £25m fraud.
The Economic and Financial Crimes Commission (EFCC) arraigned Igoin Tokoni Peter before Justice Obiora Egwuatu of the Federal High Court in Abuja on Friday 15 May 2026.
Peter faces four counts of impersonation and obtaining money under false pretence.
According to the EFCC, he presented himself as the Special Adviser to the President on ICT Development and Digital Innovation.
Prosecutors allege that between August 2024 and October 2025, he obtained a total of £25.9m from Dontown Assets Limited and £19.8m from Jeriod Limited through the account of Smartz Skyward Energy Limited at Zenith Bank.
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The funds were allegedly sought on the basis that they would be used to secure a cryptocurrency exchange operational licence, a claim the prosecution says was false.
The charges cite Section 1 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.
Peter pleaded not guilty to all charges when they were read in court.
Prosecution counsel Christopher Mshelia asked for a trial date and requested that the defendant be remanded in Kuje Correctional Centre pending trial.
Justice Egwuatu granted bail set at £400m with two sureties.
One surety must be an Abuja resident and property owner who submits property documents, a passport photograph and means of identification.
The second must be a civil servant on Grade Level 15 who provides office identification and a passport photograph.
Consequently, the judge ordered that Peter be remanded in Kuje Correctional Centre until bail conditions are met.
The case was adjourned to 16 July 2026 for the start of trial.
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