By Muyideen Aliyu
The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arrested a company representative, Kofoworola Motunrayo Kolawole, over an alleged fraud involving N993,247,796.70.
The commission disclosed this in a statement issued in Ilorin by its Head of Media and Publicity, Dele Oyewale.
Kolawole, 37, a native of Ondo State, reportedly failed to honour several invitations by the commission before later turning herself in. She is currently in custody following a court-ordered remand.
Her arrest followed a petition submitted by Predictus Remit Limited, a subsidiary of Fairmoney Microfinance Bank.
The petitioner alleged that Kolawole, alongside company directors Duru Ogadima and Talukder Muhammed Khalidur Rahman, who are currently at large, as well as their firm, DKK Partners Limited, fraudulently obtained the funds under the pretext of facilitating a foreign exchange transaction.
According to the petition, the funds were received in November 2025 with an agreement that the dollar equivalent of $675,219.44 would be remitted.
Preliminary investigations by the EFCC revealed that the suspect allegedly received the funds through an account with Providus Bank and, instead of executing the transaction, converted the money into digital currency and diverted it for personal use.
Further findings showed that DKK Partners Limited is not licensed by the Central Bank of Nigeria to conduct such financial transactions, contrary to claims made to the petitioner.
The EFCC said the suspect would be arraigned in court upon the conclusion of investigations.