EFCC Arrests Olori Tejuoso Over Alleged N600m Fraud

The Economic and Financial Crimes Commission (EFCC) has arrested Olori Halima Tejuoso in connection with an alleged N600 million fraud involving Mrs Mary Oluwaseye Sholoye and Mallam Ibrahim Gidado.


Tejuoso was arrested on Tuesday, September 15, 2026, after allegedly failing to honour an invitation by the Commission following her release on administrative bail.


Confirming the development, EFCC spokesman, Dele Oyewale, said Tejuoso was arrested after she allegedly jumped the administrative bail earlier granted to her by the Commission.


According to Oyewale, Gidado, who is also linked to the investigation, had been arrested earlier and arraigned before a court.


Tejuoso was reportedly accused of obtaining about N600 million from Sholoye by false pretence in connection with Gidado.


She had earlier appeared before the EFCC, where she reportedly told investigators that Gidado had allegedly defrauded her of the money she was accused of collecting from Sholoye.


However, following Gidado’s arrest and subsequent invitation by the Commission, Tejuoso reportedly failed to appear and could not be reached.


The EFCC subsequently declared her wanted on April 27, 2026, as part of its investigation into the alleged fraud.


Her arrest on September 15 brings to an end several months during which the Commission had been seeking her whereabouts.


The latest development is expected to allow the EFCC to proceed with further investigation into the circumstances surrounding the alleged N600 million transaction and Tejuoso’s relationship with the other parties involved.


The Commission’s position indicates that the matter involving Gidado has already progressed to court, while further legal steps concerning Tejuoso are expected to follow the completion of the ongoing investigation and necessary legal processes.


However, the allegations against Tejuoso remain unproven until determined by a court of competent jurisdiction.


All parties involved are presumed innocent unless and until found guilty by a court of law.