The Economic and Financial Crimes Commission (EFCC) has brought new charges against two individuals and their associated firms at the Lagos State High Court in Ikeja. The case involves an alleged fuel supply scam totaling N986 million and the misuse of additional funds.
Ajayi Edward Olushola and his business, Hola Jay Nigeria Limited, appeared before Justice Fadipe alongside Hannah Nwaguzor Ify and Mozann Global Merchant Limited. The defendants face an updated four-count charge that includes theft and obtaining money under false pretenses.
The EFCC stated that the charges were updated following the apprehension of Hannah Nwaguzor Ify, who had previously avoided authorities. Prosecutors claim that the accused misled Prince Chukwulota Bennett Onuoha by falsely promising the delivery of one million litres of Automotive Gas Oil to secure N986 million. They are also accused of misappropriating N84,779,000 belonging to Irene Abidemi Ifanse.
All four defendants entered a plea of not guilty. Following the arraignment, the prosecution requested that the fourth defendant be detained. Justice Fadipe granted this request, ordering Hannah Nwaguzor Ify to a correctional facility. The trial is scheduled to begin on July 7, 2026.
