The Special Offences Court, sitting in Ikeja, Lagos,  presided by Justice Rahman Oshodi, ordered the remand of ex-managing director of Nigerian Railway Corporation, Fidet Okhiria Edetanle, in prison.

Fidet Okhiria Edetanle is standing trial at the Special Offences Court, being prosecuted by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, over allegations of fraud in the sum of $385,000 and ₦165.438 million.

Edetanle is facing a seven-count charge bothering on alleged abuse of office, money laundering, and unlawful enrichment as a public officer. According to the EFCC, these offences contravene Sections 332(1) and 332(3), Section 73(1), and Section 82(c) of the Criminal Law of Lagos State, 2011.

Fidet Okhiria Edetanle, while serving as the Managing Director of the Nigerian Railway Corporation, between May 29, 2024 and September 11, 2024, in Lagos, allegedly committed an offence, to wit: money laundering, by transferring the cumulative sum of Two Hundred and Five Thousand United States Dollars ($205,000.00) from a domiciliary account domiciled in Access Bank, account number 0010069159, being proceeds of unlawful activities, to the bank account of Ehimen Richard Okhiria domiciled in ABN AMRO Bank, Netherlands, with account number NL38ABNA011257662,” EFCC said.

Also, he was accused of, after leaving office as Managing Director of the Nigerian Railway Corporation, between October 21, 2024 and November 21, 2024, committed an offence, to wit: money laundering, by transferring the cumulative sum of Forty Thousand United States Dollars ($40,000.00) from a domiciliary account in Access Bank Plc to the bank account of Ehimen Richard Okhiria domiciled in ABN AMRO Bank, Netherlands, being proceeds of unlawful activities.

After hearing both parties, Justice Oshodi adjourned the matter to May 13, 14, and 15, 2026, for continuation of trial and ordered that the defendant be remanded in a maximum correctional facility pending the determination of his bail application.