Nigeria, July 9 -- The Economic and Financial Crimes Commission (EFCC) has arraigned Adepoju Abiodun, promoter of Bigibet, alongside his company, Nobelsteed Nigerian Limited, over an alleged N855 million investment fraud.

The defendants were brought before trial judge O.A. Okunuga of the Lagos State High Court in Ikeja on Tuesday.

According to a statement posted by EFCC on its official Facebook page, Mr Abiodun is facing 10 counts of stealing and obtaining money under false pretences.

The agency accused Mr Abiodun allegedly defrauded investors under the guise of raising capital for Nobelsteed's equity in a proposed lottery and gaming business.

The statement explained that the case followed a 2021 petition in which the complainant alle...