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EFCC arraigns couple over alleged N1bn fraud

Olorunbukunmi Taiwo, a self-described native physician, and his spouse, Awolegan Omolola Omotola, have been charged in connection with an alleged N1.09 billion contract fraud against a widow and school owner.

The Economic and Financial Crimes Commission (EFCC) Ilõrin Zonal office is prosecuting the case.

The pair appeared before Federal High Court Judge Abubakar Usman in Ado-Ekiti on a six-count charge that included collecting money under false pretenses and keeping the proceeds of crime.

Anazia Colina Kenechukwu, a private school owner in Delta State, filed a petition alleging that Taiwo persuaded her to finance a road construction contract he claimed had been awarded to him by the Delta State Oil Producing Areas Development Commission (DESOPADEC), according to the EFCC.

The anti-graft agency informed the court that the complainant allegedly gave over large quantities of money between January 2024 and November 2025 as a result of the representation.

The EFCC claimed in one of the counts that the defendants used Taiwo's bank account to illegally receive N1,098,961,500 from Kenechukwu under the pretense of carrying out the alleged road project. The Commission denied this allegation.

According to the EFCC, investigators tracked down more transactions connected to the investigation and found that Taiwo's account reportedly received N1.98 billion.

Additionally, the Commission said that a portion of the monies were used to purchase landed properties in Ado-Ekiti, such as a four-bedroom bungalow in Irewolede Estate and a hospitality establishment called Town Tavern Lounge on Ikere Road.

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