EFCC arrests Lagos-based socialite, Fred Ajudua

The Financial and Monetary Crimes Fee, EFCC, has arrested Fred Ajudua, a Lagos-based socialite and businessman.

Ajudua was arrested on Tuesday in Abuja in reference to an alleged $1.43 million fraud.

The arrest adopted a Supreme Courtroom order issued on Friday, fifth Could 2025, which revoked his bail and directed that he be remanded within the Correctional Service.

Vanguard stories {that a} extremely positioned supply on the EFCC headquarters in Abuja knowledgeable it of the event on Tuesday.

“Operatives of the Financial and Monetary Crimes Fee (EFCC) have arrested Lagos-based socialite and businessman Fred Ajudua, pending his re-arraignment for an alleged $1.43 million fraud. He was arrested in Abuja on Tuesday and is at present in EFCC custody,” the supply stated.

The arrest marks the newest chapter in a authorized battle spanning many years between Ajudua and the anti-corruption company.

Ajudua had confronted quite a few allegations of advance-fee fraud because the Nineties.

The Supreme Courtroom’s choice to revoke his bail adopted an earlier ruling by the Courtroom of Enchantment, Lagos Division, which had granted him bail.

The apex court docket’s ruling displays the judiciary’s resolve to uphold accountability in high-profile fraud circumstances.

Nonetheless, there are indications that Ajudua might have absconded previous to his arrest, elevating considerations concerning the enforcement of judicial orders and the effectiveness of compliance mechanisms.

Ajudua’s authorized troubles date again to 1993, when he was accused of defrauding a German businessman of $1.43 million.

The EFCC in 2016 filed a 28-count cost in opposition to him for conspiracy and acquiring cash by false pretences.

The case has been bedeviled by repeated delays, health-related bail functions, and a failed arrest try in 2007.

EFCC is but to touch upon the event on the time of submitting this report.