Abuja couple faces court over alleged N740m fraud
An Abuja couple, Osabohein Ologbose and Hope Oghelemu, have been arraigned by the Economic and Financial Crimes Commission over allegations of N740 million fraud. The couple, along with their companies, are accused of obtaining money by false pretence and laundering funds. The EFCC alleges they lured investors with promises of profits from exporting bitter kola and red kolanut, but failed to deliver returns or refunds. The court has taken steps regarding their bail status as the case proceeds.
What happened
- Osabohein Ologbose and Hope Oghelemu were arraigned before Justice Ekerete Akpan of the Federal High Court Abuja on fraud and money laundering charges.
- The EFCC alleges they obtained N340 million through suspicious transfers and used N24.1 million to set up a studio in Abuja.
- Investors were promised returns from the export of bitter kola and red kolanut to Hong Kong, China, and Indonesia, but received neither profits nor refunds.
- The court allowed Ologbose to remain on administrative bail, while Oghelemu was remanded at Suleja Correctional Centre.
- The case was adjourned until April 27, 2026, for a definite hearing.
