EFCC Arrests Ilorin Company Rep in N993 Million Forex Fraud

The Ilorin Zonal Directorate of the EFCC has arrested 37-year-old Kofoworola Motunrayo Kolawole over an alleged N993,247,796.70 fraud. A petition from Predictus Remit Limited, part of Fairmoney Microfinance Bank, accused Kolawole and DKK Partners directors of promising a dollar transaction but diverting funds into digital currency for personal use. The funds were received on November 25, 2025 via a Providus Bank account. Two alleged co-conspirators remain at large as investigations continue.

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