Gowon’s Arrest: EFCC Detains Him Over Alleged N120 Million Fraud

The Managing Director of Parliament Communication Network Limited, Gowon Usman Egbunu, was today remanded at a facility of the Nigerian Correctional Service (NCoS) by a Federal High Court in Lagos, following allegations of fraud totaling ₦170 million.
Justice Musa Kakaki issued the remand order after Gowon pleaded not guilty to multiple charges, including conspiracy, obtaining money under false pretences, fraudulent conversion of funds, money laundering, forgery, and the use of forged documents. These charges were brought against him by the Police Special Fraud Unit (PSFU) in Ikoyi, Lagos.
Gowon and his company, Parliament Communication Network Limited, were arraigned on a six-count amended charge (FHC/L/66C/2026). According to the prosecutor, Barrister Chukwu Agwu, Gowon allegedly collaborated with unidentified individuals in 2021 to defraud Kingnazzy Global Limited of at least ₦170 million.

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The Managing Director of Parliament Communication Network Limited, Gowon Usman Egbunu, was remanded in the custody of the Nigerian Correctional Services (NCoS) by a Federal High Court in Lagos today. The case stems from allegations that he defrauded Kingnazzy Global Limited of N170 million.
Justice Musa Kakaki issued the remand order after Gowon pleaded not guilty to multiple charges, including conspiracy, obtaining money under false pretences, fraudulent conversion of funds, money laundering, forgery, and presenting forged documents. The charges were filed by the Police Special Fraud Unit (PSFU) in Ikoyi, Lagos.
Gowon and his company face a six-count amended charge (FHC/L/66C/2026). According to the prosecution, Gowon allegedly conspired with others, still at large, to defraud Kingnazzy Global Limited in 2021. The scheme involved collecting N170 million through several bank accounts in Access Bank Plc and Zenith Bank Plc.
The money was reportedly given by Kingnazzy Global Limited, represented by its Managing Director, Kamar Adeyemi, for the development of three hectares of land. Investigators claim Gowon misled the company by presenting forged “Offer of Terms of Grant/Conveyance of Approval” documents, including a survey plan, supposedly issued by the Ministry of the Federal Capital Territory. These documents were used to convince the company to release the funds, even though Gowon allegedly knew they were fake.
The prosecution says these acts violated the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, the Money Laundering (Prevention and Prohibition) Act, 2022, and the Miscellaneous Offences Act, 2004.
Gowon pleaded not guilty, and the prosecutor requested his remand while seeking a trial date. His lawyer asked for a short date to hear a bail application. Justice Kakaki adjourned the matter to March 19 for the bail hearing and ordered that Gowon remain in NCoS custody.
It’s worth noting that in 2021, Gowon was also charged by the Economic and Financial Crimes Commission (EFCC) before an Abuja High Court, alongside three others, over an alleged N120 million fraud.

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