EFCC arrests company representative over alleged N993m fraud in Ilorin
News EFCC arrests company representative over alleged N993m fraud in Ilorin Published on March 30, 2026 By Olarewaju Rasheedat googletag.cmd.push(function() { googletag.display('div-gpt-ad-1500386953281-8'); }); The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission EFCC has arrested Kofoworola Motunrayo Kolawole, a company representative, over an alleged fraud of N993,247,796.70. The arrest followed a petition submitted to the Commission by Predictus Remit Limited, a subsidiary of Fairmoney Microfinance Bank. According to a statement shared on the EFCC official page, Kolawole along with company directors Duru Ogadima and Talukder Muhammed Khalidur Rahman both currently at large and their firm, DKK Partners Limited, allegedly obtained the money under the pretext of facilitating a foreign exchange transaction. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1524595905268-5'); }); The statement said the funds, received on November 25, 2025, were meant to be converted into the Dollar equivalent of $675,219.44 for remittance. “The funds were allegedly received on November 25, 2025, with the understanding 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 be remitted,” the statement read. It further noted, preliminary investigations revealed that instead of completing the transaction, the suspects allegedly converted the funds into digital currency and diverted it for personal use. Don't Miss Plateau govt imposes 48‑hour curfew in Jos North LGA after Angwan Rukuba attack You may like EFCC denies role in Kwara Poly protest amid backlash EFCC denies link between Ilorin raid, Kwara Polytechnic student protest EFCC clears air on Kwara Poly sting operation EFCC begins probe of eight suspected oil thieves in Port Harcourt Armed EFCC operatives take over Malami’s Abuja house EFCC probes suspected serial fraudster over alleged N19.9m visa scam in Enugu