RismadarVoice Reporters, July 6, 2026
The Economic and Financial Crimes Commission (EFCC) has re-arraigned two individuals and two companies before the Lagos State High Court, Ikeja, over an alleged N1.07 billion fraud involving false pretences and alleged diversion of funds.
The defendants—Ajayi Edward Olushola, Hola Jay Nigeria Limited, Hannah Nwaguzor Ify, and Mozann Global Merchant Limited—were arraigned before Justice Fadipe on an amended four-count charge.
According to the EFCC, the amended charges followed the arrest of Hannah Nwaguzor Ify, who had previously been at large, prompting the inclusion of both her and Mozann Global Merchant Limited in the proceedings.
One of the charges alleges that the defendants fraudulently obtained N986 million from Prince Chukwulota Bennett Onuoha by falsely claiming they had the capacity to supply one million litres of Automotive Gas Oil (AGO).
The anti-graft agency also accused the defendants of dishonestly converting N84.779 million belonging to Irene Abidemi Ifanse to their personal use.
The defendants pleaded not guilty to all charges.
Following their plea, prosecution counsel H. U. Kofarnaisa applied for the remand of the fourth defendant pending trial. Justice Fadipe granted the application and ordered her remand in a correctional facility.
The matter was adjourned to July 7, 2026, for the commencement of trial.
