A Nigerian entrepreneur based in Houston and co-founder of Akama Lifestyle was indicted on June 11, 2025, for allegedly participating in a multimillion-dollar business email compromise (BEC) and money laundering scheme across at least eight U.S. states.
Charged with conspiracy to commit wire fraud, money laundering, and illegal money transmission, Edikan Adiakpan faces up to 20 years in prison. More so, he could be hit with a hefty sum as fines.
Authorities allege he and others tricked companies into redirecting payments to fraudulent accounts, then laundered the money through various channels.
There is no conviction yet, but the case is building up as it implicates another Nigerian national, Ayobami Omoniyi. The case is being handled by the FBI and IRS, and prosecuted by U.S. attorneys.
Adiakpan, previously known for his luxury business and philanthropy, remains presumed innocent until proven guilty.
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Edikan Adiakpan Crime
The 33-year-old was arrested and indicted on federal charges for his alleged role in a 2021 business email compromise (BEC) and money laundering scheme that targeted companies in at least eight U.S. states.
The scheme involved sending spoofed emails to trick businesses into sending payments to fraudulent accounts.
The stolen funds were then laundered through multiple bank transfers and converted into cashier’s checks, which Adiakpan allegedly cashed for a commission.
He faces three charges — conspiracy to commit wire fraud, money laundering conspiracy, and illegal money transmission.
Another Nigerian national, Ayobami Omoniyi, was also charged in connection with the scheme and is awaiting sentencing.
