EFCC Docks Businessman For N123m Fraud
The Ilorin Zonal Directorate of the EFCC, on Tuesday, May 4, 2026, arraigned a businessman, Taiwo Sunday, on a two-count charge of alleged fraud to the tune of ₦123 million.
He was arraigned before Justice Kareem Adedokun of the Oyo State High Court sitting in Ibadan. The offence is contrary to and punishable under Section 390 of the Criminal Code Law of Oyo State, 2000.
The defendant’s ordeal began when the complainant, Oluwarotimi John, alleged that in April 2024, Sunday approached him with an offer to supply motorcycles, claiming to have exclusive dealership arrangements with major distributors in Lagos and some states in the Northern part of the country.
The petitioner further alleged that the sum of ₦123,050,000.00 (One Hundred and Twenty-Three Million, Fifty Thousand Naira) was paid into Sunday’s company account, Yemsund Enterprise, with Union Bank account number 0159405441, based on the promise. However, the motorcycles were neither delivered nor was the money refunded to the complainant.
