$ 1.43 million fraud accusation: EFCC Arrest Fred Aide in Abuja

The Economic and Financial Crime Commission (EFCC) on Tuesday arrested a socialite, Fred Adjuda, due to alleged fraud of $ 1.43 million.

The Supreme Court on May 9 revoked the guarantee given to the businessman by the appeal court a few years ago.

Also read: EFCC Arraigns Company MD for alleged fraud of $ 580 thousand

The High Court ordered the Commission to arrest the defendant and return it to the Correctional Center while waiting for his indictment at the Lagos State High Court, Ikeja.

Aide was charged with EFCC in 2018 for allegedly deceiving German companies in the 1990s.

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