The Economic and Financial Crimes Commission (EFCC) has taken a man to court for allegedly defrauding people of over N25 million. The suspect, Igoin Tokoni Peter, pretended to be a Special Adviser to the President on ICT Development and Digital Innovation. He used this false title to collect money from victims who believed they were investing in a cryptocurrency exchange licence.

Peter was arraigned before Justice Obiora Egwuatu at the Federal High Court in Abuja on May 15, 2026. He faced four charges of impersonation and obtaining money under false pretences.

The court heard how he received millions of naira through a company account by making people think he had connections to the presidency.

When the charges were read to him, Peter pleaded not guilty. The EFCC lawyer asked the court to remand him in prison while the case continues. However, the judge granted him bail with very strict conditions, including a N400 million bond and two sureties who must be residents of Abuja.

One surety must be a property owner who will submit property documents, while the other must be a senior civil servant on grade level 15. The court ordered that Peter should remain in Kuje Correctional Centre until he meets these tough bail conditions. The case was adjourned to July 16, 2026 for the start of full trial.

This case shows how some people use fake government titles to scam others. The EFCC continues to warn Nigerians to be careful when dealing with individuals who claim to have high-level connections. Many hope the court will deliver justice and serve as a warning to others involved in similar fraudulent activities.