Court convicts ex-NHIS executive secretary for breaching N5m cash limit in $2.1m fraud case

Court convicts ex-NHIS executive secretary for breaching N5m cash limit in $2.1m fraud case

The federal high court in Lagos has convicted Femi Thomas, the former executive secretary of the National Health Insurance Scheme (NHIS), for violating the N5 million cash transaction limit allowed by law for an individual.   Ayokunle Faji, the presiding judge, on Thursday, ruled on the $2,198,900 money laundering charges filed against Thomas by the Economic and Financial Crimes Commission (EFCC).   The anti-graft agency arraigned Thomas, alongs…

Court convicts ex-NHIS boss, BDC operator for $2.1m fraud in Lagos

Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, July, 24, 2025, convicted the duo of Dr. Olufemi Martins Thomas, a former Executive Secretary, National Health Insurance Scheme, NHIS, and one Kabiru Sidi, a Bureau De Change Operator, for $2,198,900.00 (Two million, One Hundred and Ninety Eight Thousand, Nine Hundred … The post Court convicts ex-NHIS boss, BDC operator for $2.1m fraud in Lagos appeared first o…