₦airaland Forum

EFCC Arrests Company Rep Over Alleged ₦993 Million Fraud In Ilorin

The Ilorin Zonal Directorate of the EFCC has arrested a company representative, Kofoworola Motunrayo Kolawole, over an alleged fraud to the tune of N993,247,796.70 (Nine Hundred and Ninety-Three Million, Two Hundred and Forty-Seven Thousand, Seven Hundred and Ninety-Six Naira, Seventy Kobo).

The arrest of Kolawole, 37, was sequel to a petition submitted to the Commission by Predictus Remit Limited, a subsidiary of Fairmoney Microfinance Bank.

The petitioner alleged that Kolawole, alongside the company directors - Duru Ogadima, Talukder Muhammed Khalidur Rahman (both currently at large) and their firm, DKK Partners Limited, fraudulently obtained the said sum under the pretext of facilitating a foreign exchange transaction.

The funds were allegedly received on November 25, 2025, with the understanding that the Dollar equivalent of $675,219.44 (Six Hundred and Seventy-Five Thousand, Two Hundred and Nineteen United States Dollars, Forty-Four Cents) would be remitted.

Preliminary investigations by the EFCC revealed that the suspects allegedly received the funds through a Providus Bank account and, instead of executing the agreed transaction, converted the money into digital currency and diverted it for personal use.

source

Shameless brazen theif!

Women in male dominated spaces

A female at 37 involved in this huge amount? But even Fairmoney too should be blamed, why release that huge amount when the dollar has not been remitted?

Almost N1 Billion?

Wow what a woman. a criminal minded crook , these are the sort of people who don't see anything wrong in yahoo

Abdulhakeem7:
A female at 37 involved in this huge amount? But even Fairmoney too should be blamed, why release that huge amount when the dollar has not been remitted?

That Lady obviously was a pawn. The knights, Queen and Kings on that Chess game are far gone.

Abdulhakeem7:
A female at 37 involved in this huge amount? But even Fairmoney too should be blamed, why release that huge amount when the dollar has not been remitted?

What is Fair money, a Microfinance Bank doing with $645k? probably a Money laundering scheme, and was outsmarted by those crooks. But INTERPOL should be able to track them

Those men are not in Nigeria 🤷🏿

That is the result of non compliance with the government guidelines. You want to repatriate funds through back door.

Ok nah. Should be handle well by the government of the state...hmmm to bad

Kofoworola Motunrayo Kolawole
🚶‍♂️🚶‍♂️🚶‍♂️

That's huge amount of money.... But I'm not surprise, some women are into Yahoo these days.

Kayamata is another form of yahoo

She is just an accessories, but how do you want to take almost $650k through the back door. Politicians.

Omooooo. See fraud for ilorin oooooo

Meanwhile fairmoney wan blow my phone because of 59k loan. Okay make them call me today first

Oh yes.. Many didn't read the story in full before commenting... The real culprits are at large and the prosecutor decided to go for whoever it is that's the company representative that they can lay their hands on in the belief that the real suspects would show up.

Lifestone:
That Lady obviously was a pawn. The knights, Queen and Kings on that Chess game are far gone.

If you think say people dey read before comment na error ooo.

Check the first 6 comments and you will realise that they didn't read the content.

That woman was the pun, the two Thieves have Japa.

Fraudster na Fraudster it has not gender ...see what a woman just did hook up self na even Fraudster you enjoy she enjoy you come dey bill am ...women self stop all forms of fraudulent activities oga kpata kpata of them all is APC and there supporters 😀

Lifestone:
That Lady obviously was a pawn. The knights, Queen and Kings on that Chess game are far gone.

.

Should she join them in Oshiomole's Assembly of Past Criminals, APC so her sins can be forgiven as long as she stays loyal to their balablu propagandist liar Ogas at the top

chisomkachy:
The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court against Lagos Speaker Mudashiru Ajayi Obasa.

Naija News understands that the anti-graft did not give any particular reason for its application for withdrawal.

Following the application to withdraw, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.

The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.

The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.

Recall that the court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.

The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.

But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.

During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).

The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.

Section 44 of the Constitution concerns constitutional rights to property.

Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:

“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.

“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”

https://dailytimesng.com/obasa-efcc-withdraws-suit/

Previous Threads:
https://www.nairaland.com/5877642/obasa-64-bank-accounts-linked#89878603

https://wap.nairaland.com/6167844/lagos-assembly-speaker-obasa-efcc#94728150

https://www.nairaland.com/6168612/obasa-court-orders-efcc-freeze#94741534

lol…na the woman be the fall guy…but how can such fraud happen without the company being aware

You don let omo nna use your head. Good for you

Abdulhakeem7:
A female at 37 involved in this huge amount? But even Fairmoney too should be blamed, why release that huge amount when the dollar has not been remitted?

It's called insider trading. The other two are directors who are not small so dey use their influence. Besides d company that received d monies is the directors own as stated in d report

LZAA:
Kofoworola Motunrayo Kolawole
🚶‍♂️🚶‍♂️🚶‍♂️

Ably assisted, supporter, mentored by DURU OGADINMA.

ppogba:
Ably assisted, supporter, mentored by DURU OGADINMA.

Please spell words correctly when you post, and try to use perfect grammar and punctuation.

Na who them catch be thief.

Normal Forex transaction. Any break in the chain, na middle man go carry the wahala.

Ilorin I no dey suprise. No wonder even 12yrs old boy can build hotel in ilorin nowadays. But wait 600k doll. Efcc need to question fair money where they get those money from.

LZAA:

Please spell words correctly when you post, and try to use perfect grammar and punctuation.

Who let this dog out?

Wooh wooh wooh wooh.....

A woman disgracing her gender.

Watch how nairaland feminists will avoid this thread