EFCC arraigns Osabohein Ologbose, spouse, for alleged N740 million funding fraud 

The {Economic} and {Financial} Crimes Fee on Monday arraigned the Chief Govt Officer of Onome International Market Assets Restricted, Osabohein Ologbose and his spouse, Hope Onome Oghelemu, over an alleged N740 million funding fraud.

That is based on a press release issued by the anti-graft company on X on February 16, 2026.

The defendants had been introduced earlier than Justice Ekerete Akpan of the Federal Excessive Courtroom in Abuja alongside their corporations, Onome International Market Assets Restricted and Lexicon Multi-concept Media Restricted, on prices linked to funding fraud and cash laundering

In keeping with the Fee, investigations revealed that the defendants allegedly induced members of the general public to speculate funds underneath the pretence of financing the procurement and exportation of bitter kola and crimson kolanut to Hong Kong, China and Indonesia, with guarantees of returns on funding.

Investigators additional disclosed that buyers neither obtained the promised returns nor had their capital refunded.

They had been arraigned on a seven-count cost bordering on acquiring by false pretence, conversion of funds and cash laundering to the tune of about N740million  opposite to Part 18(2)(b) of the Cash Laundering Prevention and Prohibition Act 2022 and punishment underneath Part 18(4) of the identical Act.

Prosecution counsel O.S. Ujam knowledgeable the court docket that amended prices had been filed on January 28, 2026, and prayed the court docket to learn them to the defendants.

On the arraignment, the defendants pleaded not responsible to the fees.

The EFCC has been investigating a number of alleged Ponzi and funding‑associated fraud schemes throughout Nigeria, together with the arrest of 28 suspected operators linked to a Q‑Web funding outfit in Minna, Niger State.