CRIME
EFCC Arrests Man for Alleged N800m Fraud in Lagos
Operatives of the Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, have arrested one Adeleke Adeyemi for his involvement in an alleged case of conspiracy, obtaining money by false pretence, diversion of funds, issuance of dud cheques and money laundering to the tune of N800,000.00 (Eight Hundred Million Naira).
Operatives of the Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, have arrested one Adeleke Adeyemi for his involvement in an alleged case of conspiracy, obtaining money by false pretence, diversion of funds, issuance of dud cheques and money laundering to the tune of N800,000.00 (Eight Hundred Million Naira).
Adeyemi, together with his accomplice, Odusanya Ayotunde Memphis (now at large), in their capacities as directors at Wafa Aggregate Limited, allegedly approached Eco Bank Plc for a loan facility of N800million for the procurement of petroleum products from Covalent Oil & Gas Services Limited in October 2011.
Upon receipt of the loan facility, 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 N10million each issued by the suspect and his accomplice were returned unpaid upon presentation.
The suspect will soon be charged to court.
For publication of your news content, articles, videos or any other news worthy materials, please send to newsleverage1@gmail.com. For more enquiry, please call +234-901-067-1763 or whatsapp +234-901-067-1763. To place an advert, please call 09010671763
#FactCheck! Verdict on Viral Claim that President Tinubu Sang the Old National Anthem
Senate Orders Two-Week Investigation into Xenophobic Attacks on Nigerians in South Africa
Navigating Critical Care: Your Comprehensive Guide to Lifeline Hospital Bhugaon and Top Healthcare near Paud Road
Tinubu Orders ICPC Probe into Fake Presidential Council, Demands Prosecution of Culprits
FCT Police Arrest Six Kidnap Suspects, Recover ₦8.25 Million Ransom
Alausa Commissions Abia’s First Smart School, Commends Otti’s Education Transformation
NBA Affirms Independence, Rejects Alleged AGF Order to Suspend 2026 Elections
Xenophobia: ‘Suspend Diplomatic Relations’ – Senator Ningi Urges Nigeria
Umahi Dismisses Claims APC Fears Peter Obi, Describes His Politics as ‘AI Politics’
Ali Modu Sheriff Accuses Obi of Failing to Condemn Biafra, Defends Tinubu’s Leadership
June 12 Honours List and the Missing Names – Abdul Mahmud
Dangote Offers Automatic Employment to 30 FUTO Students Following Refinery Tour
CBN Revokes Operating Licences of 46 Banks
Sunday Igboho Issues Two-Hour Ultimatum to Fulani Community Over Alleged Kidnappings
Okonkwo Releases Alleged Evidence Against Obi, as Ohaegbu Denies Claims
Nigeria is Bleeding, Nigerians are Suffering and the Time for Action is Now – Otunba Babatunde Olushola Senbanjo Writes Tinubu
Mayor Lucky Igbokwe Joins Lagos Tourism Chief Idris Aregbe at Freedom Cup as Team Lagos Thrashes Team USA 4–1
Pastor Chibuzor Nwosu Pens Emotional Posthumous Birthday Tribute to Late Father, Barr. Sir F.N. Nwosu
Court Orders INEC to Deregister ADC, ZLP, AA, Other Political Parties
“Jonathan and Buhari Didn’t Destroy Yoruba Communities, Why Is Tinubu Doing So?” – Lagos Residents Protest Demolitions
The final 6 ‘Game of Thrones’ episodes might feel like a full season
New Season 8 Walking Dead trailer flashes forward in time
Mod turns ‘Counter-Strike’ into a ‘Tekken’ clone with fighting chickens
Meet Superman’s grandfather in new trailer for Krypton
Disney’s live-action Aladdin finally finds its stars
Who are the early favorites to win the NFL rushing title?
The old and New Edition cast comes together to perform
Boxing continues to knock itself out with bewildering, incorrect decisions
Steph Curry finally got the contract he deserves from the Warriors
Phillies’ Aaron Altherr makes mind-boggling barehanded play
-
Articles3 weeks agoJune 12 Honours List and the Missing Names – Abdul Mahmud
-
NATIONAL NEWS3 weeks agoDangote Offers Automatic Employment to 30 FUTO Students Following Refinery Tour
-
NATIONAL NEWS7 days agoCBN Revokes Operating Licences of 46 Banks
-
METRO3 weeks agoSunday Igboho Issues Two-Hour Ultimatum to Fulani Community Over Alleged Kidnappings
-
NATIONAL NEWS4 weeks agoOkonkwo Releases Alleged Evidence Against Obi, as Ohaegbu Denies Claims