Alleged N986 Million Fraud: EFCC Arraigns Two, Companies in Lagos

The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1 in Ikoyi, on Thursday, July 2, 2026, re-arraigned Ajayi Edward Olushola and his company, Hola Jay Nigeria Limited. The Commission also arraigned Hannah Nwaguzor Ify and her company, Mozann Global Merchant Limited, before Justice Fadipe of the Lagos State High Court, Ikeja, over an alleged N1.07 billion fraud. The first and second defendants were re-arraigned on an amended four-count charge bordering on obtaining money by false pretence and stealing of funds amounting to N1.07 billion. Ajayi Edward Olushola and Hola

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Source	EFCC
Collection	Anti-corruption and elections
Kind	Document
Publisher	Economic and Financial Crimes Commission (EFCC)
Date	2026-07-03
Type	press-release
Found at	https://www.efcc.gov.ng/news/alleged-n986-million-fraud-efcc-arraigns-two-companies-in-lagos
Archived copy	Look it up in the Wayback Machine
Record ID	`efcc:news:14158`

Cite this record

Alleged N986 Million Fraud: EFCC Arraigns Two, Companies in Lagos. EFCC, 2026. Vero Archive, record efcc:news:14158.