Global News

EFCC arrests Adeleke Adeyemi for alleged N800 Million fraud in Lagos State

EFCC arrests Adeleke Adeyemi for alleged N800 Million fraud in Lagos State (Updated: 1 year ago)


Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Adeleke Adeyemi for alleged fraud.

The suspect is accused of conspiracy, obtaining money by false pretense, 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.

Add a coment

Recent Posts

Terry Apala
Terry Apala
Zoro
Zoro
Rema
Rema
Sinzu
Sinzu
Otega
Otega
Papisnoop
Papisnoop
Burna Boy
Burna Boy
Seriki
Seriki
Dr Dolor
Dr Dolor
Rayce
Rayce
A-Q
A-Q
JoeBoy
JoeBoy
MC Galaxy
MC Galaxy
Akon
Akon
AKA
AKA
Terri
Terri
Samklef
Samklef
Ojayy Wright
Ojayy Wright
Magixx
Magixx
DJ OP Dot
DJ OP Dot
Nandy
Nandy
T Classic
T Classic
Stormyzino
Stormyzino
Jhybo
Jhybo
Toby Grey
Toby Grey
DJ Thunerdex
DJ Thunerdex
Ijoba...
Ijoba...
Ice Prince
Ice Prince
Wizkid
Wizkid
Tonto Dikeh
Tonto Dikeh
Larry Gaaga
Larry Gaaga
C Blvck
C Blvck
Junior Boy
Junior Boy
Olamide
Olamide
Ladipoe
Ladipoe
Phyno
Phyno
Runtown
Runtown
Korede Bello
Korede Bello
Mascara Vibez
Mascara Vibez
Wande Coal
Wande Coal
NAIJAKIT.COM