Court Issues Arrest Warrant for Businessman Over Fraud

Justice Alex Owoey of the Federal High Court in Lagos issued a warrant for the arrest of businessman Rolland Oluwasegun Elusoji due to his alleged involvement in a N1.2 billion fraud case. The arrest order, signed on February 18, 2026, followed a prosecution application directing the Nigerian Police and security agencies to arrest Elusoji wherever he may be found.

Elusoji was scheduled to appear in court on the same date to plead to charges including conspiracy to obtain money under false pretenses and money laundering involving N1,207,000,000. The charges were filed by the Special Fraud Unit (PSFU) in Lagos under suit number FHC/L/583C/2025.

The prosecution claims Elusoji, along with two co-accused, fraudulently obtained money from Otunba Sey Famojuro under the pretense of purchasing luxury vehicles and real estate. Despite being served with charges via email and phone, Elusoji failed to appear in court, leading to the warrant issuance.