The Economic and Financial Crimes Commission (EFCC), Ilorin Zonal Directorate, has apprehended a company representative, Kofoworola Motunrayo Kolawole, over her alleged involvement in a fraud valued at ₦993,247,796.70.
Kolawole, 37, was arrested following a petition filed by Predictus Remit Limited, a subsidiary of FairMoney Microfinance Bank. The complaint accused her and other suspects of obtaining the funds under false pretences tied to a foreign exchange transaction.
According to the petition, Kolawole allegedly acted in collaboration with two company directors, Duru Ogadima and Talukder Muhammed Khalidur Rahman—both of whom are currently at large—as well as their firm, DKK Partners Limited. The group was said to have received the money on November 25, 2025, with an agreement to remit its dollar equivalent of $675,219.44.
However, preliminary findings by the EFCC indicate that after the funds were paid into an account with Providus Bank, the suspects failed to carry out the agreed transaction. Instead, the money was allegedly converted into digital currency and diverted for personal use.
Investigations are ongoing, while efforts are being intensified to apprehend the fleeing suspects.
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