Why Arisekola Alao’s Son, Abdullahi May Not Return To Nigeria Anytime Soon
Boss of Axenergy Limited, Abdulahi Alao is not returning to Nigeria anytime soon, feelers from his circle of friends just confirmed this.
Abdulahi Alao is the son of late Ibadan, Oyo State billionaire, Are Abdulazeez Arisekola Alao.
He was reported to have travelled out of the country in September 2019 despite his ongoing prosecution by the Economic and Financial Crime Commission (EFCC) for subsidy fraud to the tune of N2bn back home.
Mr. Alao has been in and out of court since 2012 following his prosecution by the Economic and Financial Crime Commission (EFCC) on charge bordering on conspiracy to obtain money by false pretenses.
He was docked alongside his company, Axenergy Limited on a seven-count charge bordering on conspiracy to obtain money by false pretences contrary to Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
According to information he had to make the decision when his trouble with the authority has refused to go away. The Middle East Country of Turkey is said to be Mr. Abdulahi Alao’s new place of residence.
And returning to the country anytime soon is far from his agenda, those who are close to him disclosed.
