Osabohein Alex Ologbose, a Nigerian businessman alongside his wife, Hope Onome Oghelemu, have been arraigned by the Economic and Financial Crimes Commission (EFCC) over alleged N740 million scam.
Ologbose and his companies, Onome Global Market Resources Limited and Lexicon Multi-concept Media Limited, and his wife were arraigned before Justice Ekerete Akpan of the Federal High Court in Abuja.
They were arraigned on a seven-count charge bordering on obtaining by false pretence, conversion of funds, and money laundering to the tune of about N740 million, contrary to provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
At the arraignment, prosecution counsel O.S. Ujam informed the court that amended charges were filed on January 28, 2026, and prayed the court to read them to the defendants.
Count One of the amended charge reads: “That you, Osabohien Alex Ologbosele, sometime between January 2023 and April 2024, in Abuja within the jurisdiction of this Honourable Court, directly took possession of the aggregate sum of N340,000,000 (Three Hundred and Forty Million Naira) paid into your account with account number 2022773919 domiciled in Kuda Microfinance Bank Limited, from the account of Hope Onome Ogbholemu with account number 0827261710 domiciled in Access Bank Plc, when you reasonably ought to have known that the said sum formed part of the proceeds of unlawful act and you thereby committed an offence contrary to Section 18(20)(a) of the Money Laundering (Prevention and Prohibition) Act 2022, and punishable under Section 18(3) of the same Act.”
Another count reads: “That you, Osabohien Alex Ologbosele, sometime between January 2023 and April 2024, in Abuja within the jurisdiction of this Honourable Court, directly used the aggregate sum of N24,100,000 (Twenty-Four Million, One Hundred Thousand Naira) paid into your account with account number 2022773919 domiciled in Kuda Microfinance Bank Limited from the account of Hope Onome Ogbhelemu with account number 0827261710 domiciled in Access Bank Plc, to establish and operate a music and photo studio located at Crowther Plaza, Gudu District, Abuja, when you knew or reasonably ought to have known that the said sum formed part of the proceeds of an unlawful act and you thereby committed an offence contrary to Section 18(2)(d) of the Money Laundering (Prevention and Prohibition) Act 2022, and punishable under Section 18(3) of the same Act.”
The defendants pleaded not guilty to the charges.
