The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on Monday October 27, 2025 arraigned one Ajayi Edward Olushola alongside his companies, Hola-Jayu Nigeria Limited and Mozann Global Merchants Limited, for alleged involvement in a ₦1.07 billion fraud involving the supply of Automotive Gas Oil (AGO) in Lagos.
They were arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court, Ikeja, Lagos, on a four-count charge bordering on obtaining money under false pretence, conspiracy, and stealing to the tune of ₦1,070,779,000.00 (One billion, seventy million, seven hundred and seventy-nine thousand naira).
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