EFCC arraigns man, companies over alleged N1.07bn fraud in Lagos

Ajayi Edward Olushola

Ajayi Edward Olushola

From Sola Ojo, Abuja

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on Monday, October 27, arraigned one Ajayi Edward Olushola alongside his companies, Hola-Jayu Nigeria Limited and Mozann Global Merchants Limited, for alleged involvement in a N1.07 billion fraud.

According to EFCC’s verified X account, the fraud involved the supply of Automotive Gas Oil (AGO) in Lagos.

They were arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court, Ikeja, Lagos, on a four-count charge bordering on obtaining money under false pretence, conspiracy, and stealing to the tune of N1.07 billion.

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