EFCC Arraigns Ibadan Consultant Over Alleged N145m Transformer Scam

The Economic and Financial Crimes Commission arraigned Aremu Muftau Ajagun before Justice Uche Agomoh of the Federal High Court in Ibadan over an alleged N145 million advance fee fraud. According to the one-count charge, Ajagun claimed he needed N145 million to purchase eight 4000KVA transformers from Burron Development Limited. He is accused of obtaining the money under false pretences from Adegbite Musiliu Adetunji. Ajagun pleaded not guilty. The prosecution said it is ready to call two witnesses. The defence requested more time to review documents and prepare a bail application. Justice Agomoh ordered Ajagun remanded in Agodi Correctional Centre. The bail application will be heard on May 8, 2026. Trial proceedings are set for June 9 and 10, 2026.

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