Alleged N500m fraud: Court dismisses businesswoman’s application for release from EFCC custody

From Sola Ojo, Abuja

The Economic and Financial Crimes Commission (EFCC) has announced that Justice Musa Kakaki of the Federal High Court, Ikoyi, Lagos, on Monday, September 15, 2025, dismissed an application filed by businesswoman, Aminah Momoh-Orimoloye, seeking her release from EFCC custody.

Momoh-Orimoloye, a United Kingdom citizen and coordinator of the Economic Empowerment of Women and Youth in Livestock Agriculture (EEWYLA), was arrested on August 5, 2025, following a petition alleging conspiracy and diversion of funds.

Investigations revealed that one Salihu Mohammed allegedly received N1.663 billion for a foreign exchange transaction, out of which only N1.163 billion could be traced.

Further findings linked Momoh-Orimoloye, Mohammed, Auwal Ali, and others now at large, to the alleged diversion of the N500 million balance.

….Details later

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