RismadarVoice Reporters
October 10, 2026
The Economic and Financial Crimes Commission (EFCC) has recovered $104,950 for a United States-based Nigerian businesswoman, Mrs Adeshola Oshilaja, following an investigation into an alleged procurement fraud involving the purchase of 10 dump trucks from China.
The commission handed over the outstanding $56,000 to Oshilaja on Friday, October 9, 2026, at its Lagos Zonal Directorate 1 in Ikoyi, completing the recovery of the disputed funds.
The handover followed an earlier refund of $48,950 made directly to the businesswoman by her associate, Babatunde Samuel Akinsanmi, who was implicated in the transaction.
According to the EFCC, the investigation began after Oshilaja submitted a petition alleging that Akinsanmi, whom she described as a business associate and family friend, failed to account for money provided for the procurement of the trucks.
The commission said Oshilaja transferred $104,950 to two Chinese companies, Jinan Goneng Power Technology Company and China Howo Heavy Truck Industry Limited, following instructions allegedly provided by Akinsanmi.
Investigators established that the parties entered into a written agreement dated July 25, 2023, under which Akinsanmi acknowledged the funds and undertook to refund the money on or before December 31, 2023.
However, the commission disclosed that six of the 10 trucks were subsequently delivered to Akinsanmi in Nigeria.
Oshilaja alleged that he retained the vehicles for commercial purposes without remitting the proceeds or accounting for the investment.
Following its investigation, the EFCC facilitated the recovery of the entire $104,950, comprising the initial $48,950 refund and the outstanding $56,000 subsequently recovered and handed over to the petitioner.
Speaking during the handover, the Acting Zonal Director of the EFCC Lagos Zonal Directorate 1, Assistant Commander of the EFCC Adebayo Adeniyi, reaffirmed the commission’s commitment to recovering proceeds of alleged financial crimes and ensuring restitution to affected individuals.
Adeniyi, who was represented by the Head of Public Affairs, Deputy Commander of the EFCC, Ayo Oyewo, le, said the commission would continue pursuing investigations and asset recovery in accordance with established legal procedures.
He maintained that returning recovered funds to their rightful owners remained an important part of the commission’s enforcement responsibilities.
Responding, Oshilaja expressed appreciation to the EFCC for its intervention and the recovery of her money.
She commended the commission’s handling of the matter, describing the outcome as evidence of its efforts to assist victims of alleged financial misconduct.
The recovery represents the full amount identified in Oshilaja’s petition, although the commission’s account did not establish that the allegations against Akinsanmi had resulted in a criminal conviction.
