The Economic and Financial Crimes Commission (EFCC) has re-arraigned Ajayi Edward Olushola and his company, Hola Jay Nigeria Limited, alongside Hannah Nwaguzor Ify and Mozann Global Merchant Limited, before the Lagos State High Court in Ikeja over an alleged ₦986 million fuel supply fraud.
According to the EFCC, the defendants allegedly obtained ₦986 million from businessman Prince Chukwulota Bennett Onuoha on May 15, 2024, by falsely claiming they had the capacity to supply one million litres of Automotive Gas Oil (AGO). The anti-graft agency also accused them of dishonestly converting an additional ₦84.779 million belonging to another complainant, bringing the total amount involved to about ₦1.07 billion.
The Commission explained that Olushola and Hola Jay Nigeria Limited had previously been arraigned, while Nwaguzor had remained at large. Following her arrest, the EFCC amended the charges to include her and her company, leading to the re-arraignment of all four defendants.
All the defendants pleaded not guilty to the amended four-count charge bordering on obtaining money by false pretence and stealing. Following the plea, Justice Fadipe ordered that Hannah Nwaguzor be remanded in a correctional facility pending trial.
The case was adjourned until July 7, 2026, for the commencement of trial
Post a Comment