The Economic and Financial Crimes Commission (EFCC) has recovered a total of $104,950 for a United States-based Nigerian businesswoman, Mrs Adeshola Oshilaja, following a dispute over the purchase of 10 dump trucks from China.
The anti-graft agency disclosed that it handed over the outstanding $56,000 to Oshilaja on Friday, October 9, 2026, at its Lagos Zonal Directorate 1 in Ikoyi, Lagos.
The latest recovery completed the repayment of the disputed amount, following an earlier payment of $48,950 made directly to the businesswoman by Babatunde Samuel Akinsanmi, her business associate and family friend.
According to the EFCC, the investigation began after Oshilaja petitioned the commission over the alleged failure of Akinsanmi to account for funds provided for the procurement of the trucks.
Oshilaja reportedly transferred $104,950 to two Chinese companies, Jinan Goneng Power Technology Company and China Howo Heavy Truck Industry Limited, on Akinsanmi’s instructions.
The commission said its investigation revealed that both parties signed a written agreement on July 25, 2023, under which Akinsanmi acknowledged receiving the money for the transaction and agreed to refund the amount on or before December 31, 2023.
However, the deal later became contentious after six of the trucks were delivered to Akinsanmi in Nigeria.
Oshilaja alleged that he retained and used the vehicles for business purposes without remitting the proceeds to her, prompting her to seek the intervention of the EFCC.
The commission subsequently recovered the full amount involved in the complaint. While $48,950 was initially paid directly to Oshilaja, the remaining $56,000 was recovered and handed over to her by the agency.
Speaking during the handover, the Acting Zonal Director of the Lagos Zonal Directorate 1, Assistant Commander of the EFCC, Adebayo Adeniyi, represented by the Head of Public Affairs, Deputy Commander Ayo Oyewole, reaffirmed the commission’s commitment to recovering funds and returning them to their rightful owners in accordance with due process.
He added that the agency would continue to investigate allegations of financial misconduct and pursue appropriate restitution for victims.
Oshilaja expressed gratitude to the commission for its efforts in recovering the money.
The recovery brings the total amount returned to the businesswoman to $104,950, concluding the financial recovery aspect of the complaint.
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