Nigeria, Oct. 29 -- The Economic and Financial Crimes Commission (EFCC) has arraigned a Lagos-based businessman, Ajayi Olushola, along with his companies, Hola-Jayu Nigeria Limited and Mozann Global Merchants Limited, over an alleged N1.07 billion fraud involving the supply of Automotive Gas Oil (AGO).

Mr Olushola and his firm appeared on Tuesday before the trial judge, Olubunmi Abike-Fadipe, of the Special Offences Court in Ikeja, on four counts of obtaining money under false pretences, conspiracy, and stealing.

The prosecution said the total amount involved was N1,070,779,000.

According to the EFCC, Mr Olushola and others, including Hannah Nwaguzor, who is currently at large, fraudulently obtained N986 million from Chukwulota Onuoha ...