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Just In : EFCC arrests House of Reps-Elect, for N3billion fraud, hours after collecting his certificate of return

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Just In : EFCC arrests House of Reps-Elect, for N3billion fraud, hours after collecting his certificate of return

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“The election winner of the Ekiti North Federal Consituency II, Moba and Ilejemeje axis, Akinlayo Davidson Kolawole has been arrested by EFCC operatives,” a source told SaharaReporters.
“He was involved in a N3billion fraud and has been dodging the EFCC officials but he was picked by the operatives two days ago when he went to collect his certificate of return in Abuja.”

“Akinlayo in 2022 threatened and arrested a journalist for publishing the news of how he swindled one Mr. Akinnawonu of up to N3 billion. He is now in EFCC’s net as well.”

SaharaReporters had reported how Akinlayo, and his lawyer, one Rotimi Olorunfemi, the then chairman of the Akure branch of the Nigerian Bar Association (NBA) allegedly defrauded a Port Harcourt-based oil magnate, Akinnawonu and JAAC Nig. Ltd to the tune of N3 billion on the pretext of helping him to acquire a property in the Gwarinpa area of Abuja but failed to deliver.

winner of the February 25, 2023 House of Representatives election in the Ekiti North Federal Constituency (II), Akinlayo Davidson Kolawole has been arrested and detained by the Economic and Financial Crimes Commission (EFCC).

The ruling All Progressives Congress (APC) member was arrested hours after he was issued a Certificate of Return by the Independent National Electoral Commission in Abuja.

INEC Chairman, Mahmood Yakubu had on Wednesday presented the certificates to the members-elect at the National Collation Centre in Abuja.

According to multiple sources, Akinlayo was picked by operatives of the anti-graft agency after the event.

He was accused of swindling an oil magnate, Johnson Akinnawonu, who is also a director in JAAC Nig. Ltd. to the tune of N3billion.

“Property formerly occupied by NEPA at Kings Way Road Lagos on about 4000 square metres of land which sales obtained from our clients amounted to N1,860,000,000 (One billion, Eight Hundred and Sixty Million Naira).

“That within same period Akinlayo Davidson Kolawole obtained an additional sum of N46,000,000 (Forty-Six Million Naira) from our clients to convert their Opebi residential building to commercial building and as well collected rent of N10,400,000 (Ten Million and Four Hundred Thousand Naira) rent from our client’s tenants occupying their property at Plot 176 Herbert Macauley Road without performance and account.”

It was also gathered that Akinnawonu, who doubles as a director in JAAC Nig. Ltd. is now in critical health condition and has been flown to Canada following the shock and trauma he had suffered.

Findings by SaharaReporters revealed that Olorunfemi has since confessed to the crime while the APC House of Reps member-elect through his lawyer had agreed in a letter addressed to Akinnawonu to refund the sum of N830,000,000 (Eight Hundred and Thirty Million Naira) before June 30, 2022.

But Akinlayo refused to honour the agreement and pay up and has since then evaded arrest by the EFCC and the Force Criminal Investigation and Intelligence Department (FCID), Alagbon, Lagos

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