EFCC Recovers $104,950 for Businesswoman from Fraud Case

The Economic and Financial Crimes Commission (EFCC) recovered $104,950 for US-based Nigerian businesswoman Adeshola Oshilaja following an investigation into alleged fraud related to the procurement of 10 dump trucks from China. On Friday, the EFCC handed over the outstanding $56,000 to Oshilaja at its Lagos Zonal Directorate 1 in Ikoyi, completing the total recovery amount after an earlier payment of $48,950 made by her business associate, Babatunde Samuel Akinsanmi.

Oshilaja had petitioned the EFCC regarding Akinsanmi's failure to account for the funds she transferred, totaling $104,950, to two Chinese companies on his instructions. An agreement dated 25 July 2023 confirmed Akinsanmi's acknowledgment of the funds and his commitment to refund by 31 December 2023.

However, he retained six trucks for business use without remitting proceeds to Oshilaja. The EFCC's investigation led to the full recovery, reflecting its commitment to restitution for victims of financial crimes.