EFCC arraigns two Nigerians for allegedly diverting N340 million in investors’ funds 

They were arraigned before Justice Ekerete Akpan of the Federal High Court, Abuja Division, on April 14, 2025.

In the EFCC’s amended charge marked FHC/ABJ/CR/86/2025, the defendants were accused of contravening Section 18(2)(a) of the Money Laundering (Prevention and Prohibition) Act, 2022, through their actions.

One of the charges reads:

“That you, Osabohien Alex Ologbosele, sometime in the years 2023 and 2024, in Abuja, within the jurisdiction of this Honourable Court, directly took possession of the total sum of N340,000,000 (Three Hundred and Forty Million Naira), paid into your account number 2022773919 domiciled at Kuda Microfinance Bank, from the account of Hope Onome Ogholemu with account number 0827261710 domiciled at Access Bank, when you knew or reasonably ought to have known that the said sum formed part of the proceeds of an unlawful act; and you thereby committed an offence contrary to Section 18(2)(a) of the Money Laundering (Prevention and Prohibition) Act, 2022, and punishable under Section 18(3) of the same Act.” 

The EFCC’s court documents seen by Naijaonpoint state that several affected investors will testify about how they were allegedly induced to pay various sums of money into the accounts of Hope Onome Oghelemu and Onome Global Market Resources Limited, under the false pretense that the funds were for the export of bags of bitter kola to China, with promises of returns on their investments—which never materialized.

“The total amount invested by the petitioners amounted to N739,670,000, which was paid into the company account of Onome Global Market Resources Limited under the guise of financing the procurement and export of bitter kola,” the petition partly reads.

At the court session on April 14, 2025, the defendants pleaded not guilty to the EFCC’s charges as read by the court registrar.