HomeGeneralN740m scam trial: Witness claims she paid N58m, got excuses instead of...

N740m scam trial: Witness claims she paid N58m, got excuses instead of returns

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A prosecution witness in the ongoing trial of the Chief Executive Officer of Onome Global Market Resources Limited and Lexicon Multi-Concept Media Limited, Osabohein Alex Ologbose, and his wife, Hope Onome Oghelemu, has told a Federal High Court in Abuja how she allegedly lost N58.1 million in an investment scheme linked to the defendants.

The development emerged on June 22, 2026, during proceedings before Justice Ekerete Akpan of the Federal High Court, Abuja.

According to the Economic and Financial Crimes Commission, EFCC, the defendants and their companies are facing a seven-count charge bordering on alleged obtaining by false pretence, conversion of funds and money laundering involving N740 million.

The first prosecution witness, Chinyere Okoroafor, a civil servant, told the court that she became involved in the investment after being introduced to the business by Alice Ayeni Alade, whom she identified as a staff member of the Nigerian Export-Import Bank, NEXIM.

She stated that the investment was presented as a bitter kola export business targeting markets in China, Hong Kong and Indonesia.

“She introduced me to an investment business for the exportation of bitter-kola to China, Hong Kong and Indonesia, as we were having the discussion, she told me about the return on investment, which looked good,” she told the court.

Okoroafor said she trusted the proposal because it was linked to export activities and was introduced by someone she believed had knowledge of the sector.

According to her, she was informed that the business belonged to Ologbose and Oghelemu and

This post was originally published on this site.

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