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The Economic and Financial Crimes Commission (EFCC) has recovered a total of $104,950 for an American-based businesswoman, Mrs Adeshola Oshilaja, in a suspected procurement fraud case.
The commission handed over $56,000 to Oshilaja on Friday, October 9, 2026, at its Lagos Zonal Directorate 1, Ikoyi, representing the outstanding balance of the funds.
The latest recovery follows an earlier payment of $48,950 directly to Oshilaja by the defendant, Babatunde Samuel Akinsanmi, bringing the total recovery to $104,950.
The recovery followed a petition by Oshilaja over the alleged failure of her business associate and family friend, Akinsanmi, to account for funds provided for the procurement of 10 dump trucks from China.
According to the petition, Oshilaja transferred $104,950 to two Chinese companies, Jinan Goneng Power Technology Company and China Howo Heavy Truck Industry Limited, on the instructions of Akinsanmi.
EFCC investigation revealed that both parties entered into a written agreement on July 25, 2023, under which Akinsanmi acknowledged receiving $104,950 for the procurement of the trucks and undertook to refund the amount on or before December 31, 2023.
However, six of the trucks were subsequently delivered to Akinsanmi in Nigeria.
Oshilaja alleged that he retained and used the trucks for business purposes without remitting the proceeds to her.
In the course of investigation, the Commission recovered the full sum. While $48,950 was initially paid to Oshilaja, the remaining $56,000 recovered in cash was handed over to her at the Commission’s Lagos office.
Speaking at the handover ceremony, the Acting Zonal Director of the Directorate, Assistant Commander of the EFCC, ACE I Adebayo Adeniyi, represented by the Head of Public Affairs, Deputy Commander of the EFCC, DCE Ayo Oyewole, said the recovery underscored the Commission’s commitment to ensuring that recovered funds and assets were returned to their rightful owners in accordance with due process.
He added that the EFCC would continue to pursue investigations into alleged financial crimes while ensuring appropriate restitution for victims.
Expressing gratitude after receiving the funds, Oshilaja commended the Commission for its professionalism.
“I am so happy and grateful for all the effort the EFCC has put towards the recovery of this money. I am a testament to what the EFCC is doing in Nigeria, and I can always rely on the fact that you are really working hard. May God bless you all,” she said.
