The Economic and Financial Crimes Commission, EFCC, has re-arraigned two individuals and their companies before the Lagos State High Court sitting in Ikeja over an alleged N986 million fraud.
The defendants, Ajayi Edward Olushola, Hola Jay Nigeria Limited, Hannah Nwaguzor Ify and Mozann Global Merchant Limited, were on Thursday arraigned before Justice Fadipe on an amended four-count charge bordering on obtaining money by false pretence and stealing.
According to the EFCC, the charges were amended after the arrest of Nwaguzor, who had previously been at large.
One of the charges alleged that the defendants, on or about May 15, 2024, “by false pretence, represented that you had the capacity to supply one million litres of Automotive Gas Oil (AGO), and with intent to defraud, obtained the sum of N986,000,000 from Prince Chukwulota Bennett Onuoha.”
The anti-graft agency also alleged that the defendants dishonestly converted N84,779,000 belonging to Irene Abidemi Ifanse to their own use in June 2025.
The defendants pleaded not guilty to all the charges.
Following their plea, the prosecution counsel, H. U. Kofarnaisa, urged the court to remand the fourth defendant pending trial.
Justice Fadipe granted the application and ordered that Nwaguzor be remanded in a correctional centre. The matter was adjourned until July 7, 2026, for the commencement of trial.
