NHIS fraud conviction confirmed as ex-NHIS boss and BDC operator are found guilty in $2.2m case; EFCC secures judgment at Lagos Federal High Court
NHIS fraud conviction has been delivered by a Federal High Court in Lagos as former National Health Insurance Scheme (NHIS) Executive Secretary, Dr Olufemi Martins Thomas, and Bureau De Change operator, Kabiru Sidi, were both found guilty in a $2.2 million money laundering case.
Also read: ‘Don’t relent on effort’ EFCC told not to back down after recovering N5.4bn for NHIS, 7 billion still trapped
Justice Ayokunle Faji handed down the ruling on July 24, 2025, following a full trial initiated by the Economic and Financial Crimes Commission (EFCC).
The duo were prosecuted on an amended seven-count charge involving illegal financial transactions and making false statements.
Thomas was found guilty of transacting beyond the legal financial threshold without routing the funds through financial institutions, a violation of the Money Laundering (Prohibition) Act.
He was fined ₦10 million but discharged on five counts.
Sidi, convicted for making false statements during EFCC interrogation, received a ₦100,000 fine.
Also read: ‘They’re tired’ Dismissed NHIS boss, Prof Yusuf, reveals bandits now seek genuine peace
According to EFCC’s counsel, Ekele Iheanacho (SAN), the prosecution proved its case with six witnesses, confirming that the funds were not lawfully acquired or declared.
Source: Read more at punchng.com
