The former Managing Director of the Nigerian Railway Corporation, Fidet Okhiria, has been remanded in custody following his arraignment over alleged financial misconduct involving foreign and local currency.
Okhiria was brought before the Special Offences Court in Ikeja, Lagos, by the Economic and Financial Crimes Commission on a seven-count charge bordering on alleged money laundering, abuse of office, and unlawful handling of funds totaling $385,000 and ₦165.5 million.
According to the anti-graft agency, the former railway boss allegedly transferred large sums of money through personal accounts in violation of financial regulations. However, Okhiria pleaded not guilty to all the charges when they were read in court.
Following his plea, the presiding judge ordered that he be remanded at a correctional facility pending the hearing of his bail application. His legal team has requested time to file the bail request, while the court adjourned the case for further proceedings.
This development marks another high-profile prosecution in Nigeria’s ongoing efforts to strengthen accountability and transparency in public service.
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