‎N2.5bn fraud: Stella Oduah offers to return allegedly stolen fund‎


‎A former aviation minister in Nigeria, Stella Oduah, and a co-defendant have signalled their intention to settle a ₦2.5 billion fraud case through a plea bargain arrangement before the Federal High Court in Abuja.

‎During proceedings on Thursday, Director of Public Prosecutions, Rotimi Oyedepo, informed the court that both defendants had approached the Attorney-General of the Federation to negotiate a plea agreement.

‎According to him, part of the arrangement invOOduaolves refunding funds believed to have been obtained unlawfully.

‎“They have made moves to refund certain amount of money into the government coffers.
‎“What is left is the confirmation of receipt of the bank draft by the government,” Oyedepo told the court.

‎Counsel to Oduah, Onyechi Ikpeazu, SAN, confirmed the prosecution’s statement, noting that discussions around the proposed settlement were ongoing.

‎Lawyer to the second defendant, Favour Osuanya, also acknowledged that negotiations for a plea deal were underway.

‎After hearing the submissions, Justice Hamza Muazu adjourned the matter until 26 March for an update on the progress of the plea bargain.
‎Earlier, on 12 February, Oyedepo had told the court that the move for a plea agreement was made in accordance with Section 270 of the

‎Administration of Criminal Justice Act, 2015. He added that consultations between the parties were still in progress and requested time either for a report on the negotiations or for the commencement of trial.

‎Oduah was arraigned in December 2025 alongside Gloria Odita by the Office of the Attorney-General of the Federation on a five-count charge. The charges include allegations of fraud, obtaining money by false pretence, and criminal breach of trust.

‎Prosecutors allege that the two defendants conspired to obtain ₦2.4 billion from the Federal Ministry of Aviation through Broad Waters Resources Nigeria Ltd and Global Offshore Marine Ltd, based on what authorities describe as fraudulent claims.

‎The prosecution further said the alleged offences contravene Sections 8(a) and 1(1)(a) of the Advance Fee Fraud Act, punishable under Section 1(3) of the same law.

‎Both defendants have denied the allegations and earlier entered not guilty pleas to the charges.
‎N2.5bn fraud: Former Aviation Minister offers to return allegedly stolen fund.

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