The Economic and Financial Crimes Commission (EFCC) is investigating Olusanya Olumide Adediran, the Founder of EazzyTranzact Payment Services and Eazzy Oil Petroleum Gas Energy Limited, for allegedly engaging in an unlawful foreign exchange transaction.
This comes as the EFCC has been given permission by the Federal High Court in Abuja to temporarily seize ten properties that are allegedly linked to him. The body filed an ex-parte application with the court, and Trial Justice M.G. Umar granted the interim forfeiture order. The EFCC prosecutor filed the ex-parte application, marked FHC/ABJ/CS/1174/2025, and included an affidavit stating that the properties were under investigation.
According to the anti-graft agency, Olusanya Olumide Adediran allegedly purchased personal properties with illicit proceeds. The commission also revealed that the properties were suspected of having been obtained through returns from illicit forex trading. Six (6) blocks of two-storey buildings at 28A and 28B Ibiyemi Salvador Street (African Lane), Lekki Phase 1, Lagos; ten (10) apartments in a four-storey building at 22 Akiogun Road, Oniru, Victoria Island, Lagos; two (2) blocks of two-storey buildings at 9 Oba Idowu Abiodun Street, Oniru, Victoria Island, Lagos; and two (2) Mikano generators are among the confiscated assets connected to the CEO.
Among the others are one (1) Mercedes-Benz G-Wagon, one (1) Range Rover Velar (Sport), one (1) Coaster Bus, one (1) Toyota Hilux Bus, one (1) JMC Truck, and one (1) Ambulance Hiace Super Gel. He and his companies were also accused of deceiving the public by posing as respectable foreign exchange traders. According to the EFCC, the nominal complainant paid N50.4 billion into their accounts for the purchase of $31,514,383.00, which was to be delivered within 30 days, under a purported “Bilateral Currency Exchange Forward Agreement.”
Additionally, the EFCC claimed that Adediran had fled to the UK and refused to accept its invitations, BrandSpur banking and finance news desk reports.
