EFCC Arrests Man, Adeleke Adeyemi For Alleged N800m Fraud In Lagos

Date: 11-04-2021 3:11 pm (1 month ago) | Author: Mister Jay Wonder
- at 11-04-2021 03:11 PM (1 month ago)
Online (m)

A man identified as Adeleke Adeyemi has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) for alleged fraud.

The suspect is accused of conspiracy, obtaining money by false pretence, diversion of funds, issuance of dud cheques and money laundering to the tune of N800 million.

EFCC spokesman, Wilson Uwujaren, in a statement gave the identity of Adeyemi’s accomplice as Odusanya Ayotunde Memphis (now at large).

In their capacities as Directors at Wafa Aggregate Limited, they allegedly approached EcoBank Plc for an N800 million loan to procure petroleum products from Covalent Oil & Gas Services Limited in October 2011.

But after obtainment, Adeyemi and Memphis allegedly diverted the funds to their personal use and defaulted in paying back the loan.

“Investigation revealed that the five Diamond Bank Plc cheques of N10 million each issued by the suspect and his accomplice were returned unpaid upon presentation”, Uwujaren noted.

The statement added that Adeyemi will soon be charged to court while the search for Odusanya is still on.


Posted: at 11-04-2021 03:11 PM (1 month ago) | Addicted Hero
- wolefafo at 11-04-2021 05:23 PM (1 month ago)
(m)
And the go don do big boy wey wey way back ooooo.....Na payback time sha
Posted: at 11-04-2021 05:23 PM (1 month ago) | Upcoming
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- gogoman at 11-04-2021 07:16 PM (1 month ago)
(m)
stupid people!! jail him 60yrs
Posted: at 11-04-2021 07:16 PM (1 month ago) | Addicted Hero
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