EFCC Arraigns Man Over Alleged N3.8m Fraudulent Property Deal

The Economic and Financial Crimes Commission, EFCC, has arraigned Alhaji Muhammad Talake before the Borno State High Court sitting in Maiduguri over an alleged N3.8 million property fraud.

Talake was arraigned on Thursday, July 23, 2026, by the Maiduguri Zonal Directorate of the EFCC before Justice Aisha Kumaliya on a two count charge bordering on obtaining by false pretence and criminal misappropriation.

According to the EFCC, the defendant allegedly obtained the sum of N3.8 million from a petitioner in March 2025 under the false representation that the money was meant for the purchase of a property identified as ID: BO: 006, located along Circular Road in the Old GRA area of Maiduguri.

The property was allegedly presented as one being offered for sale by the Federal Government of Nigeria, a representation the EFCC said the defendant knew to be false.

The defendant pleaded not guilty to the charges.

Prosecution counsel, S.O. Saka, thereafter requested a trial date and urged the court to remand the defendant in a correctional facility.

Justice Kumaliya subsequently adjourned the matter until August 10, 2026, for the hearing of the defendant’s bail application and ordered that he be remanded at the Maiduguri Maximum Correctional Facility.

The case remains an allegation, and the defendant is presumed innocent until proven guilty by the court.