The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned Ahmed Dikko, the former Managing Director of the Port Harcourt Refining Company Ltd (PHRC), over alleged money laundering.

Dikko, who was arraigned before Justice Inyang Ekwo of the Federal High Court in Abuja on a 12-count charge, pleaded not guilty.

The News Agency of Nigeria (NAN) reports that the EFCC, in the charge marked FHC/ABJ/CR/360/2026, named Dikko and Masterpiece Projects & Investment Ltd as first and second defendants.

In the charge dated and filed on June 22 by the commission’s counsel, Ekele Iheanacho, SAN, the anti-graft agency accused Dikko of using N}218. million to buy property in Abuja.

When the case was called, Iheanacho informed the court that the matter was scheduled for the defendants to take their plea and that they were ready to proceed.