EFCC arraigns Sapphire Scents’ MD Adewale Aladejana over N12 million fraud

Well-liked perfumer and founding father of Sapphire Scents, Adewale Aladejana, has been arraigned in courtroom over his involvement in N12 million fraud.

The Financial and Monetary Crimes Fee (EFCC) announced Friday that Mr Aladejana was arraigned on Tuesday earlier than Justice M. A Madugu of the Federal Excessive Courtroom, Bwari, Abuja.

Mr Aladejana was arraigned on “three-count fees bordering on misappropriation and acquiring underneath false pretence; acquiring cash underneath false pretence to the tune of N12,000,000 (Twelve Million Naira solely),” the EFCC stated in a press release.

“Particularly, he allegedly collected the sum of N12 million from potential traders in his firm, with a promise of turnover in six months, with out providing any revenue or returning the invested funds to his traders,” the anti-graft company added.

In 2019, Forbes stated that Mr Aladejana began his firm with $88 4 years in the past and has grown it right into a multimillion-dollar enterprise that caters to heads of state together with Nigerian President and First Woman, Muhammad and Aisha Buhari.

Additionally listed as a few of Mr Aladejana’s notable purchasers embrace African pop star, and one among Instagram’s highest paid celebrities, Davido, and former Victoria Secret mannequin, Oluchi.

Prior to now, Mr Aladejana, a social media fanatic, had on completely different events written about how enterprise went bitter and he landed in debt to his traders. Nevertheless, he stated he deliberate on settling his traders and popping out of the debt.