$4m fraudster arrested and properties confiscated


Operatives of EFCC have arrested a fraudster, Idowu Olanrewaju, for defrauding an American citizen of the sum of $4m through his company. Idowu asked the victim to pay the said amount into the account of his company, Total Intership Nigeria Limited, ostensibly for
the supply of crude oil in phony crude oil contract with the victim.

The victim, however, sent a petition to the EFCC after an exasperating wait for a consignment that never arrived. An accomplice, Joe Onwudimowei, who operates the account of the company was arrested on June 18 and upon interrogation, alleged that he handed all monies that passed through the account to Olanrewaju and Yemi Osho.


On the 19th of June, both Olanrewaju and Osho were arrested. Idowu who does not have any reasonable source of income, was discovered to have several properties in Port Harcourt, Rivers State’s capital and a 44-room hotel in Ado Ekiti, Ekiti State capital. Also recovered from him, were a number of exotic cars including, a 2014 Range Rover, 2013 Honda Crosstour, 2013 Range Evogue, Honda CRV….. and 5 private jets…..

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