The Economic and Financial Crimes Commission (EFCC) has handed over $56,000 recovered in a suspected
procurement fraud case to an American-based businesswoman, Mrs Adeshola Oshilaja.
The statement indicates that the handover was performed by Commission at its Lagos Zonal Directorate 1, Ikoyi, Lagos, bringing the total amount recovered for her to $104,950.
The latest recovery represents the outstanding balance of the funds, following the earlier payment of $48,950 directly to Oshilaja by the defendant, Babatunde Samuel Akinsanmi.
It adds that the recovery and handover followed an investigation into a petition filed by Oshilaja over the alleged failure of her business associate and family friend, Akinsanmi, to account for funds provided for the procurement of 10 dump trucks from China.
According to the petition, Oshilaja transferred $104,950 to two Chinese companies, Jinan Goneng Power Technology Company and China Howo Heavy Truck Industry Limited, on the instructions of Akinsanmi.
The EFCC’s investigation revealed that the parties entered into a written agreement on July 25, 2023, under which Akinsanmi acknowledged receiving $104,950 for the procurement of the trucks and undertook to refund the amount on or before December 31, 2023.
The statement notes that six of the trucks were subsequently delivered to Akinsanmi in Nigeria. Oshilaja alleged that he retained and used the trucks for business purposes without remitting the proceeds to her.
In the course of its investigation, the Commission recovered the full sum of $104,950. Of this amount, $48,950 was paid initially to Oshilaja, while the remaining $56,000, recovered in cash, was handed over to her at the Commission’s Lagos Zonal Directorate 1.
NTA News
