EFCC re-arraigns Arisekola’s son over alleged N1.1bn subsidy fraud

It was gathered that the Economic and Financial Crimes Commission on Thursday re-arraigned Abdullahi Alao, the son of the late Ibadan business mogul, Arisekola, before the Lagos State High Court in Ikeja for an alleged fuel subsidy scam of N1,110,049,444.35.

Abdullahi, alongside his company, Axe Energy Ltd., and one Olanrewaju Olalusi was re-arraigned before Justice Lateefa Okunnu.

The defendants had earlier been arraigned on May 22, 2015.

Their re-arraignment on Thursday followed the removal of the name of another oil marketer, Opeyemi Ajuyah, from the charge sheet.

Ajuyah was announced to have died on January 20, 2017.

At the last adjourned date, the EFCC counsel, Mr. Seidu Atteh, had told the court that the anti-graft agency had not been officially informed about the demise of Ajuyah.

In response, Ajuyah’s counsel, Mr. Olanrewaju Ajanaku, told the court that the deceased’s husband was not in town to produce the death certificate and pleaded with the court to give him time to get the said certificate.