The Economic and Financial Crimes Commission (EFCC) has arraigned Igoin Tokoni Peter before the Federal High Court in Abuja over allegations of impersonation and fraud involving more than N45 million.
Peter was brought before Justice Obiora Egwuatu on a four-count charge linked to alleged false representation and obtaining money under false pretences.
According to the EFCC, the defendant allegedly posed as a “special assistant to the president on ICT development and digital innovations” to convince companies to part with funds for purported cryptocurrency exchange licences.
The anti-graft agency told the court that between August 2024 and October 2025, Peter allegedly obtained N25.9 million from Dontown Assets Limited through the account of Smartz Skyward Energy Limited domiciled in Zenith Bank. Investigators said he claimed the money was meant to secure a cryptocurrency exchange operational licence.
The EFCC also accused him of collecting another N19.8 million from Jeriod Limited under a similar arrangement.
The commission said the claims were false and violated provisions of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
Peter pleaded not guilty to all charges.
Following the arraignment, EFCC counsel Christopher Mshelia asked the court to remand the defendant and set a date for trial.
Justice Egwuatu granted bail in the sum of N400 million with two sureties in like sum. The court ruled that both sureties must reside in Abuja, while one must own landed property and provide title documents, passport photographs and valid means of identification.
The second surety, the judge said, must be a civil servant not below grade level 15 and must also provide official identification and passport photographs.
Pending the fulfilment of the bail conditions, the court ordered that Peter be remanded at the Kuje Correctional Centre.
The case was adjourned until July 16 for trial.
