EFCC Arraigns Man, Companies for Alleged ₦1.07bn Fraud in Lagos

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on Monday October 27, 2025 arraigned one Ajayi Edward Olushola alongside his companies, Hola-Jayu Nigeria Limited and Mozann Global Merchants Limited, for alleged involvement in a ₦1.07 billion fraud involving the supply of Automotive Gas Oil (AGO) in Lagos. Olushola and his companies were brought before Justice Olubunmi Abike-Fadipe of the Special Offences Court, Ikeja, Lagos, on a four-count charge bordering on obtaining money under false pretence, conspiracy, and stealing to the tune of ₦1,070,779,000.00 (O…

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Source	EFCC
Collection	Anti-corruption and elections
Kind	Document
Publisher	Economic and Financial Crimes Commission (EFCC)
Date	2025-10-27
Type	press-release
Found at	https://www.efcc.gov.ng/news/efcc-arraigns-man-companies-for-alleged-107bn-fraud-in-lagos
Archived copy	Look it up in the Wayback Machine
Record ID	`efcc:news:13626`

Cite this record

EFCC Arraigns Man, Companies for Alleged ₦1.07bn Fraud in Lagos. EFCC, 2025. Vero Archive, record efcc:news:13626.