{
  "id": 19729304,
  "title": "EFCC arraigns bizman for allegedly defrauding investors of £122,000",
  "url": "https://urgent.news/2026/11/13/efcc-arraigns-bizman-for-allegedly-defrauding-investors-of-122-000-19729304",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T00:10:51.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/efcc-arraigns-bizman-for-allegedly-defrauding-investors-of-122000/"
  },
  "original_language": "en",
  "account": "The Economic and Financial Crimes Commission has brought businessman Ashley Segun Oshin before the Lagos State High Court in connection with an alleged £122,000 investment fraud. The case was heard by Justice Ismail Ijelu on Thursday, with the prosecution ready to proceed, pending the court's scheduling. According to the charge, Oshin allegedly deceived two investors, Miss Oluwafemi Fajana and Mr Abiodun Adeogun, into parting with the funds under false pretenses between 2009 and 2010. The commission claims Oshin promised a 40% annual return, knowing it was false. Oshin pleaded not guilty to the one-count charge of obtaining money by false pretence, which contravenes Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006. The judge ordered Oshin to be remanded in a correctional centre pending further proceedings, with a trial date set for November 18, 2026.",
  "summary": "The EFCC has arraigned a businessman, Ashley Segun Oshin, before a Lagos High Court for allegedly defrauding two investors of £122,000 in an investment sch Read More: https://punchng.com/efcc-arraigns-bizman-for-allegedly-defrauding-investors-of-122000/",
  "key_points": [
    "Ashley Segun Oshin arraigned in Lagos High Court for £122,000 fraud.",
    "Two investors defrauded: Oluwafemi Fajana and Abiodun Adeogun.",
    "Trial set for November 18, 2026."
  ],
  "editors_take": "The prosecution of these long-standing investment allegations highlights the persistent efforts of the commission to address financial misconduct involving promised returns that failed to materialize for private investors.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}