EFCC ARRESTS LAGOS-BASED SOCIALITE, FRED AJUDUA

The Economic and Financial Crimes Commission, EFCC, has arrested a Lagos-based socialite and businessman, FRED AJUDUA, over an alleged $1.43 million fraud.

The arrest followed a Supreme Court order issued on Friday, 5th May 2025, which revoked his bail and directed that he be remanded in the Correctional Service.

AJUDUA’S legal troubles date back to 1993, when he was accused of defrauding a German businessman of $1.43 million, and the EFCC in 2016 filed a 28-count charge against him for conspiracy and obtaining money by false pretences.

His the arrest marks the latest chapter in hislegal battle with the anti-corruption agency.