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EFCC arraigns Abuja couple over N740m fraud

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The Economic and Financial Crimes Commission on Monday arraigned an Abuja-based couple, Osabohein Ologbose and his wife, Hope Oghelemu, before Justice Ekerete Akpan of the Federal High Court Abuja over an alleged N740m fraud.

The couple, alongside two companies—Onome Global Market Resources Limited and Lexicon Multi-Concept Media Limited—faced seven counts of obtaining by false pretence, conversion of funds, and money laundering, contrary to Section 18(2)(b) and punishable under Section 18(4) of the Money Laundering (Prevention and Prohibition) Act, 2022.

According to the EFCC, the charges allege that between January 2023 and April 2024, Ologbose took possession of N340m paid into his Kuda Microfinance Bank account from an Access Bank account belonging to his wife, “when he reasonably ought to have known that the sum formed part of the proceeds of an unlawful act.”

Another count alleged that he used N24.1m from the same source to establish a music and photo studio at Crowther Plaza, Gudu District, Abuja, “when he knew or ought reasonably to have known that the said sum formed part of the proceeds of an unlawful act.”

The EFCC further claimed that the couple induced unsuspecting investors to part with money for the purported procurement and export of bitter kola and red kolanut to Hong Kong, China, and Indonesia, promising attractive returns. Investigations revealed that investors neither received their returns nor had their initial investments refunded.

At the arraignment, defence counsel Marshal Abubakar requested that the first defendant continue enjoying the administrative bail previously granted and sought bail for the third defendant, citing that she was nursing a one-year-old baby.

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Justice Akpan allowed Ologbose to remain on administrative bail but denied bail to Oghelemu, remanding her at the Suleja Correctional Centre. The case was adjourned until April 27, 2026, for a definite hearing.

The EFCC described the arraignment as part of its ongoing effort to hold accountable individuals and entities involved in large-scale financial fraud in Nigeria.

This case follows other high-profile fraud investigations, including the recent arrest of a Lagos-based couple allegedly involved in faking a kidnapping to extort N10m from relatives and friends.

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Several hurt, one in ‘cardiac arrest’ in S. Korea market stabbing

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One person was in cardiac arrest and several others were wounded in a stabbing incident on Tuesday at a supermarket in South Korea’s coastal city of Incheon, authorities told AFP.

“One person is in cardiac arrest and around seven others have been injured,” an official from the Central Disaster and Safety Countermeasures Headquarters said.

Local media reported that a male suspect had been arrested.

South Korea is generally considered a safe country, with a homicide rate of 1.3 per 100,000 people in 2021, according to official statistics, well below the global average of about six per 100,000.

The country has, however, seen a number of stabbing attacks in recent years.

In May 2025, a man stabbed three police officers, while three people were stabbed to death at a Seoul pizza restaurant that September.

AFP

Source: punchng.com

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See also  PHOTOS: Police bust cross-border kidnap syndicate, arrest suspect, recover AK-47 rifles and 80 rounds of live ammunition in Gombe
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Policemen in viral Ekiti extortion video face discipline in Abuja

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Police officers attached to the Ekiti State Command who were captured in a viral video during a confrontation with a motorcyclist are undergoing disciplinary proceedings at the Force Headquarters in Abuja.

The Police Complaint Response Unit disclosed this in an update posted on X on Tuesday, saying the action followed a directive by the Inspector-General of Police, Tunji Disu.

The update, linked to complaint tracking number CRU100953, read, “The officers in the viral video attached to Ekiti State Police Command are now at the Police Complaint Response Unit, Force Headquarters, Abuja, undergoing disciplinary actions as directed by the IGP, Tunji Disu.”

The development follows a complaint received by the Ekiti State Police Command on October 6 from representatives of the Biker Association, Federal University Oye-Ekiti chapter, over the alleged extortion and intimidation of one of its members.

In a statement issued on October 7, the command said the biker was allegedly intercepted by a police patrol team while riding alone from Itapa to Ikole-Ekiti and subjected to a demand for money under circumstances the complainants considered improper.

The command said it had identified the officers involved and taken them into custody for questioning as part of its investigation into allegations of extortion, intimidation, disobedience to lawful orders and other acts of unprofessional conduct.

It added that the investigation had been transferred to the State Police Headquarters in Ado-Ekiti for a comprehensive and impartial probe.

The Commissioner of Police, Ekiti State Command, Falade Micheal, directed that the officers be subjected to appropriate disciplinary procedures in line with police regulations, subject to the outcome of the investigation.

The command said, “The Commissioner of Police strongly condemns all forms of extortion, intimidation, abuse of authority and other conduct capable of undermining public confidence or bringing the Nigeria Police Force into disrepute.”

See also  Four held after eight killed in Kebbi clash

It added that no police officer was authorised to demand or collect money from members of the public while carrying out legitimate police duties.

The viral footage shows a confrontation between a motorcyclist and a police officer over a roadworthiness check.

The rider appears to resist a demand for money reportedly put at ₦20,000, while the officer speaks to him beside his motorcycle.

Text accompanying the video also alleges that the officer threatened the rider during the encounter.

The police have not disclosed the outcome of the investigation or the specific sanctions the officers may face.

Source: punchng.com

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Motorcycle rider shot dead near YABATECH

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A yet-to-be-identified man has been shot dead by two suspected assailants near the back gate of the Yaba College of Technology in Lagos State.

PUNCH Metro learnt that the incident occurred on Saturday evening while the victim was riding a motorcycle in the area.

A community source, who spoke on condition of anonymity because of the sensitive nature of the incident, said the assailants crossed the victim’s path before opening fire on him.

“The incident happened in the evening, and the attack was sudden. He was on a motorcycle when two masked men emerged from nowhere, shot him and fled the scene,” the source said.

A police source told our correspondent on Sunday that an investigation had commenced to establish the circumstances surrounding the killing and identify those responsible.

“We received information about the incident and are working to establish what happened and identify those responsible. Although there are indications that the shooting is cult-related,” the source said.

The police source added that the deceased’s remains had been deposited in a morgue.

The state Police Public Relations Officer, Abimbola Adebisi, said she was not aware of the incident but promised to provide an update.

However, she had yet to do so as of the time this report was filed.

Source: punchng.com

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See also  Troops foil kidnapping attempt on Otukpo-Enugu expressway, rescue 24 passengers
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