The Nigerian Police Force has dropped fraud charges involving ₦1.3 billion against Gbolahan Obanikoro, the son of former Minister Musiliu Obanikoro, and four other individuals.

The charges, originally filed by the Special Fraud Unit (SFU), accused the defendants of conspiring to defraud Access Bank of over ₦1.3 billion between May and September 2013.

The accused were said to have misrepresented themselves to the bank, claiming they were importing cars from Dubai and needed funds for the business. The charges included fraud, money laundering, and converting the funds for personal use.

Despite these serious accusations, the police withdrew the charges on February 4, 2025. This decision was communicated through a Notice of Withdrawal submitted to the Federal High Court in Lagos.

The notice, signed by Chief Superintendent of Police Justin Enang, did not provide any reason for dropping the case.

The defendants were initially scheduled to appear in court on January 26, 2025, but failed to do so. The court hearing was then rescheduled to February 27, 2025, although it is expected that the case may be officially dismissed soon due to the withdrawal of charges.