The Economic and Financial Crimes Commission on Monday brought Osabohein Alex Ologbose, chief executive of Onome Global Market Resources Limited and Lexicon Multi-concept Media Limited, before the Federal High Court in Abuja alongside his wife, Hope Onome Oghelemu, over an alleged N740 million fraud and money laundering case.
The couple, together with their two companies, appeared before Justice Ekerete Akpan on a seven-count charge bordering on obtaining money by false pretence, conversion of funds and laundering of proceeds suspected to be from unlawful activities.
According to prosecutors, the offences violate provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
At the commencement of proceedings, prosecution counsel O.S. Ujam informed the court that amended charges had been filed on January 28, 2026, and requested that they be read to the defendants.
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One of the counts alleges that Ologbose directly received N340 million between January 2023 and April 2024 in Abuja, funds said to have been transferred from his wife’s account at Access Bank Plc into his personal account domiciled with Kuda Microfinance Bank Limited.
The anti-graft agency told the court that the defendant ought to have known the money represented proceeds of unlawful activity, an action it says constitutes an offence under the country’s anti-money laundering laws.
The case was adjourned for further proceedings, as the court prepares to hear the defendants’ response to the amended charges.