EFCC detains company staff over alleged N993m fraud in Kwara
The Economic and Financial Crimes Commission has arrested Kofoworola Kolawole, a company representative, for alleged involvement in a N993 million fraud in Ilorin. The arrest followed a petition by Predictus Remit Limited, a subsidiary of Fairmoney Microfinance Bank. The EFCC claims Kolawole and two company directors fraudulently obtained the funds under the pretext of a foreign exchange transaction. The case highlights the increasing prevalence of sophisticated financial scams in Nigeria.
What we know
- Kofoworola Kolawole, aged 37, was arrested by the EFCC’s Ilorin Zonal Directorate over alleged fraud.
- The arrest was based on a petition from Predictus Remit Limited, linked to Fairmoney Microfinance Bank.
- The EFCC alleges that Kolawole and two directors, Duru Ogadima and Talukder Muhammed Khalidur Rahman (both at large), obtained N993,247,796.70 under false pretenses.
- The funds were allegedly received on November 25, 2025, with a promise to remit the Dollar equivalent of $675,219.44.
- Investigations suggest the money was converted into digital currency and diverted for personal use.
