EFCC arrests company representative over alleged N993m fraud in Ilorin

The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission EFCC has arrested Kofoworola Motunrayo Kolawole, a institution representative, implicit an alleged fraud of N993,247,796.70.

The apprehension followed a petition submitted to the Commission by Predictus Remit Limited, a subsidiary of Fairmoney Microfinance Bank.

According to a connection shared connected the EFCC authoritative page, Kolawole on with institution directors Duru Ogadima and Talukder Muhammed Khalidur Rahman some presently astatine ample and their firm, DKK Partners Limited, allegedly obtained the wealth nether the pretext of facilitating a overseas speech transaction.

The connection said the funds, received connected November 25, 2025, were meant to beryllium converted into the Dollar equivalent of $675,219.44 for remittance.

“The funds were allegedly received connected November 25, 2025, with the knowing that the Dollar equivalent of $675,219.44 (Six Hundred and Seventy-Five Thousand, Two Hundred and Nineteen United States Dollars, Forty-Four Cents) would beryllium remitted,” the connection read.

It further noted, preliminary investigations revealed that instea...