EFCC re-arraigns two, companies over alleged N1.07 billion fraud
EFCC re-arraigns two, companies over alleged N1.07 billion fraud
The Economic and Financial Crimes Commission (EFCC) has re-arraigned Ajayi Edward Olushola and his company, Hola Jay Nigeria Limited, alongside Hannah Nwaguzor Ify and Mozann Global Merchant Limited before Justice Fadipe of the Lagos State High Court, Ikeja.
The four defendants were arraigned on an amended four-count charge bordering on obtaining money by false pretence and stealing funds totalling N1.07 billion.
One count alleges that the defendants obtained N986 million from Prince Chukwulota Bennett Onuoha under the false pretence of supplying one million litres of Automotive Gas Oil (AGO).
Another count involves the alleged dishonest conversion of N84,779,000 from Irene Abidemi Ifanse.
The defendants pleaded not guilty to all charges. Hannah Nwaguzor Ify, who was previously at large, was remanded in a correctional centre.
The case has been adjourned to July 7, 2026, for the commencement of trial.
Source: X | officialEFCC
