TheCable

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Idowu Olarenwaju, also known as Anthony Abel Saramoh, for allegedly defrauding an American of $4million.

The victim had allegedly wired the money into the account of Total Intership Nigeria Limited, owned by Olanrewaju, after they reached a deal that crude oil would be supplied to the American.

However, the victim petitioned the anti-graft agency after realising that Olanrewaju was not forthcoming and EFCC swung into action, arresting one Joe Onwudimowei, an accomplice who operates the account of Total Intership Nigeria Limited with Guaranty Trust Bank (GTB) where the proceeds of the said fake contract was deposited.

After interrogation, Onwudimowei confessed that he handed over all monies that passed through the account to Olanrewaju and one Yemi Osho.

The duo of Olanrewaju and Osho were arrested following a dawn raid on their homes on June 19.

Onwudimowei alleged that sometime in 2010, Olanrewaju instructed him to withdraw N3.5 million for Osho.

Osho, he claimed, in turn handed over the money to two people sent to him by Olarenwaju.

Olanrewaju, who had initially denied knowing Onwudimowei, allegedly admitted involvement in the deal after Osho’s confession.

When Olanrewaju was confronted with the testimony of Osho, sources at the EFCC disclosed that he was speechless and began to plead for mercy.

Investigations revealed that Olanrewaju has several properties in Port Harcourt, capital of Rivers state and a 44-room hotel in Ado Ekiti, Ekiti state.

A number of exotic cars such as a 2014 Range Rover, 2013 Honda Crosstour, 2013 Range Evogue and Honda CRV, were recovered from him.

Wilson Uwujaren, spokesman of the EFCC, said the suspects will be charged to court as soon as investigation is concluded.