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somadina·Crime· Aug 26, 2026

EFCC Arraigns Ibadan Property Developer Over Alleged ₦13.7m Fraud

EFCC Arraigns Ibadan Property Developer Over Alleged ₦13.7m Fraud

The Economic and Financial Crimes Commission has arraigned Yusuf Ademola Oyepeju and his companies, Alwajeez International Nigeria Limited and AIN Homes and Property Limited, before an Oyo State High Court in Ibadan over an alleged ₦13.7 million fraud. The six-count charge includes alleged forgery, uttering documents, stealing by conversion and obtaining money under false pretence. Prosecutors alleged that Oyepeju collected ₦8.7 million from a Dubai-based Nigerian Islamic cleric to buy land and build a house in Ibadan. He was also accused of forging a transfer agreement and selling a house the complainant had temporarily allowed him to occupy. Oyepeju pleaded not guilty, while the court remanded him at the Agodi Correctional Centre pending the hearing of his bail application.

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