Native Doctor, Wife Arraigned N1.09bn Fraud
Analysis based on 22 articles · First reported Jun 08, 2026 · Last updated Jun 09, 2026
The arraignment of Olorunbukunmi Taiwo>>> and Awolegan Omolola Omotola>>> for a N1.09 billion fraud, and the interim attachment of their properties, could negatively impact investor confidence in Nigeria>>>'s financial sector due to perceived weaknesses in combating financial crime. For Access Bank Group>>>, its involvement as the bank where the fraudulent funds were domiciled might lead to increased scrutiny, potentially affecting its reputation and compliance costs.
A self-styled native doctor, Olorunbukunmi Taiwo>>>, and his wife, Awolegan Omolola Omotola>>>, have been arraigned by the Nigeria — Economic and Financial Crimes Commission>>> before a Federal High Court in Ado-Ekiti, Nigeria>>>. They face a six-count charge for allegedly obtaining N1.09 billion by false pretense and retaining proceeds of crime. The charges stem from a petition by Anazia Colina Kenechukwu>>>, a widow and school proprietor, who claimed Olorunbukunmi Taiwo>>> convinced her to finance a road construction contract purportedly awarded by the Nigeria — Delta State Oil Producing Area Development Commission>>>. Investigations revealed that N1.98 billion was paid into Olorunbukunmi Taiwo>>>'s Access Bank Group>>> account, and the couple allegedly used the proceeds to acquire properties in Ado-Ekiti, including Town Tavern Lounge and a four-bedroom bungalow. The Nigeria — Economic and Financial Crimes Commission>>> has secured an interim forfeiture order on these properties. Both defendants pleaded not guilty, and the case has been adjourned to June 11, 2026, for bail application hearing and trial commencement, with the couple remanded in Nigeria — Economic and Financial Crimes Commission>>> custody.
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