On Monday, May 5, 2025, the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) brought Friday Audu before Justice Rahman Oshodi of the Special Offences Court, Ikeja, Lagos.
Audu, alongside his company, Genting Nigeria Limited, is being tried on a seven-count charge of $2.5 million and ₦3.5 billion linked to criminal offenses including retention of proceeds of crime, forgery, and possession of fraudulent documents. Audu was arrested on 10 December 2024 in Lagos in an EFCC sting operation known as “Eagle Flush Operation.”
According to EFCC, he is the mastermind of a syndicate of 792 cryptocurrency investment and romance scammers who have swindled unsuspecting victims worldwide.
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According to the indictment, Audu and his company conspired to possess over $1.2 million in a Binance wallet and over $1.3 million in a BYBIT wallet, both of which were allegedly obtained by fraud.
Audu denied the offences when he was arraigned in court. The prosecution, led by Bilikisu Buhari, requested that the defendant be remanded and a date for trial be fixed. Meanwhile, Audu’s counsel, Muiz Banire, SAN, made an application for bail, which was opposed by the prosecution on grounds of the gravity of the offence, the strength of the evidence, and the likelihood of the defendant absconding.
Justice Oshodi adjourned the case to June 2 and 3, 2025, for ruling on the bail application and beginning of trial. Audu was ordered to be remanded in a correctional centre pending the next adjourned date.
