In January 2008 he was declared wanted by the Economic and Financial Crimes Commission on 142 counts of financial fraud. This concerns allegations that he embezzled $24 million (£12m) using front companies. He handed himself over later that month. The Benin Youth Council asked for an apology for statements implying he ran away from justice. His father used his political influence to prevent Lucky from being prosecuted and he wasn't jailed like his other counterparts (James Ibori of Delta state).