A Federal High Court sitting in Ikoyi, Lagos, has convicted and sentenced Fidelix Samuel Ebuka to eight years and three months in prison for money laundering.
Justice Yellim Bogoro handed down the sentence on Friday, July 17, 2026, following Ebuka's guilty plea to charges brought by the Economic and Financial Crimes Commission (EFCC) Lagos Zonal Directorate 1.
Ebuka had initially appeared before the court on Wednesday, June 10, 2026, to answer a 14-count charge accusing him of retaining proceeds of unlawful activity totalling N90,989,517.
He pleaded not guilty when the charges were first put to him, however, at a resumed sitting on July 8, 2026, he reversed his position, changing his plea to guilty on all counts.
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One of the charges against him read: "That you, Fidelix Samuel Ebuka, on or about April 15, 2026, in Lagos, within the jurisdiction of this Honourable Court, directly retained N90,989,517 (Ninety Million, Nine Hundred and Eighty-Nine Thousand, Five Hundred and Seventeen Naira) in your Union Bank account number 0069938215, which proceeds you reasonably ought to have known formed part of the proceeds of an unlawful act, and you thereby committed an offence contrary to Section 18(2)(d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022."
Following the change of plea, prosecution counsel Bilkisu Buhari urged the court to proceed with conviction and sentencing.
In her judgment, Justice Bogoro sentenced Ebuka to eight years and three months' imprisonment, with an option of a N8.5 million fine.
She also ordered him to carry out two weeks of community service in respect of count 14.
The court further ordered the forfeiture to the Federal Government of several items recovered from the convict, including an iPhone 15 Pro Max, an iPhone XR, an iPhone 12 Pro Max, an iPhone 13 Pro Max, a Mercedes-Benz G65, a 2014 Mercedes-Benz ML, a gold chain and two HP laptops.
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