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EFCC Arrests Aides of Nigerian Billionaire Folorunsho Alakija for Fraud



Vincent & Florence Ayewah

The Economic and Financial Crimes Commission, EFCC, has announced the arrest of an aide of Folorunsho Alakija, Chief Executive Officer, The Rose of Sharon, a Non-Governmental Organization, Vincent Ayewah and six others in a case of abuse of office, conspiracy, forgery, impersonation and theft of N3million (Three million naira only).

Their arrest came after Alakija made a petition alleging that Vincent, one of her employees fraudulently misappropriated the funds meant for the beneficiaries of the foundation’s empowerment scheme. She alleged that he impersonated and stole various cheques and withdrew monies meant for orphans and widows in care of the Foundation.

According to a statement by Wilson Uwujaren, Head of Media & Publicity, EFCC, Vincent allegedly forged cheques of the Foundation’s Stanbic IBTC Bank Account and got his sister, Florence Ayewah and their friends to cash the forged cheques by presenting them with fake identity cards.

In the course of investigation, it was discovered that Vincent used his position to enlist his family members as beneficiaries of the scheme. Vincent confessed that he fell for the scam due to his poor upbringing and being the only bread winner of his family. He admitted that when cheques are ready for some beneficiaries of the Foundation, “I divert them and get my siblings and friends to cash at banks, I also arrange ID cards bearing the name on cheques with their faces on it for bank clearance”. Florence was arrested at a Stanbic IBTC bank in Lagos while trying to cash a forged Cheque number 03378 in the sum of N97, 000 in favour of one Ms Olubunmi Juliana Ishola.

Besides Vincent, six other members of the syndicate involved in the scam were also arrested.

Vincent admitted having at, various times, sent his younger sister, Florence and her friend Chinyere and his younger brother Emmanuel to banks with fake identity cards. He also admitted having acquired a Honda Accord car with registration number: UA 845 AAA from the proceeds of crime.

According to the statement, the suspects will be arraigned in court soon.

Nigerian billionaire oil tycoon, Alakija, was recently named as the world’s richest black woman by Ventures Africa.

Adeola Adeyemo is a graduate of Industrial Relations and Personnel Management from University of Lagos. However, her passion is writing and she worked as a reporter with NEXT Newspaper. She believes that anything can be written about; anything can be a story depending on the angle it is seen from and the writer's imagination. When she is not writing news or feature articles, she slips into her fantasies and creates interesting fiction pieces. She blogs at


  1. ucylo

    January 15, 2013 at 2:28 am


  2. Deola

    January 15, 2013 at 2:55 am

    My God these ppl are to desperate o d whole family so not 1person could tell him dis was wrong !!!

  3. Ikenna11

    January 15, 2013 at 3:04 am

    EFCC don turn to petty organisation that does the bidding of the wealthy. EFCC was set up to go after the likes of Alakija and co and leave the moi-moi crimes for police and other agencies but what we have (currently) is an organisation that has become the laughing stock of every one. Who made the call to EFCC to come and arrest these individuals for a theft of 3M? Where were the police and co? EFCC should be more focused on Alakija and her ilk that are milking the nation dry. They are overnight billionaires. This year alone, Nigeria will be spending approximately 2.6 trillion Naira to settle petroleum criminals in the name of subsidy. Shouldn’t we do away with this subsidy and shine the light more on the activities of these our so called billionaires? Now, I am not sure if Alakija is involved in oil subsidy activities, but since her wealth primarily comes from oil dealings, then I sincerely believe she is a very corrupt woman involved in criminal activities but these things are overlooked in Nigeria hence EFCC will heed her request to arrest her staff suspected of 3 million Naira theft.

    • Ikenna11

      January 15, 2013 at 3:20 am

      * Our total national budget for 2013 by the way is barely 5 trillion naira. If we spend half of the money settling friends in the name of subsidy, what else is left to pay salaries and fund ministries and their programmes. We haven’t even talked about the NASS or the reason why roads can’t be built.

    • Kamal

      January 15, 2013 at 9:09 am

      Ikenna you are so ignorant! It was very reckless and dumb of you to display your ignorance and bitterness in public! Folorunsho Alakija is not into petroleum products importation and distribution, neither is her oil company. They are into oil exploration! She has never done oil importation, and has no business with petroleum subsidy! Get that into your head! Do your research and stop being lazy! Financial Crimes are also under EFCC’s portfolio!

    • EUCK

      January 15, 2013 at 11:43 am

      Thank you!!!! Was about to say…Oil & Gas is not just import/export. Gosh! Laziness!

    • Jelilat Olarinde

      January 15, 2013 at 5:32 pm

      So in your own opinion, we should chase the big crimes and leave the small ones? Then the big criminals would steal in small portions till they get it all. Let’s face the fact and stop hating or casting allegations. Let all criminals be caught and made to face the trumpet, then we can say we are heading somewhere. Truly they need to work on the big criminals that are destroying the nation, but my brother 3m is no small money itself. Let’s face the truth and do the right thing always…

  4. handsignals

    January 15, 2013 at 4:58 am

    While they are arresting her aides over N3 million, political thieves like Babaginda (who dashed Alakija oil block) are walking about free. Nigeria is indeed a perverse nation!

  5. angel williams

    January 15, 2013 at 6:22 am


  6. Debs

    January 15, 2013 at 8:12 am

    Why i do condemn stealing in all forms. Why would this woman get efcc to arrest him, he is only eating out of the National cake. She would have simply recovered his car and other belongings auctioned and gave the proceeeds back to the widows.

    Big people will steal billions they would be walking free…one small man took 3m, they want to ruin his life….na wa for this country.

  7. new bride

    January 15, 2013 at 9:01 am

    This is part of the problem we have in this country! So because he stole only N3m he shouldn’t be punished. If he can steal N3m now, what stops him from stealing billions later? Stealing is a crime and he should be punished for it!

  8. Grace

    January 15, 2013 at 9:03 am

    Oh please,is 3million naira suppose to be an issue that EFCC is suppose to be involved in? This country is so corrupt i swear,the said Alakija do we know how many hided deals she involved with and EFCC have covered?Let the truth be said,this isnt suppose to be news. 3million naira isnt suppose to be an issue for a billionaire oil tycoon This is oppression.

  9. AA

    January 15, 2013 at 9:15 am

    Debs, wrong is wrong. While I agree that the Efcc should not be used for to prosecute this crime, we can not make light of it and say he was eating out of the national cake. A widow went without her check, which means children went hungry, homeless and may even have died. That is not funnyand he should face the music. N3million may be nothing to you but it means life or death to others

  10. Sweetprincess

    January 15, 2013 at 9:49 am

    Are we saying stealing is good?

  11. Gold

    January 15, 2013 at 11:17 am

    No matter the amount stolen, stealing shouldn’t be condoned.

  12. pynk

    January 15, 2013 at 12:15 pm

    Thieves stealing from thieves, is it a crime really?

  13. Benson

    January 15, 2013 at 12:32 pm

    I really like what Ikennai said.But you vincent sef,how will you divert monies meant for orphans and windows.Don’t you know that God always fight for their cause.So they should go and die while you and your family grow fat.They too have lives just like you.You are even lucky that you have job to take care of you and your family.What about the orphans and windows who has no one except God.Anyhow since Alakija is using her wealth to better the lives of the needy.God bless her.

    • Tolu

      January 15, 2013 at 2:33 pm

      Nawa o. Windows. I thought it was a mistake the first time, only to read windows again. Biko benson. Its too early in the day to start laughing out loud at work o

  14. Opsy

    January 15, 2013 at 2:36 pm

    I wonder what this country is truning into. With young people rationalising stealing, it means they are only waiting for the right opportunity to steal too.

  15. sani

    January 15, 2013 at 3:37 pm

    Efcc, why are you decieving nigeria?

    • LMFAO

      January 27, 2013 at 12:44 pm

      make u chilll…which one be EFCC decieving nigeria the boy de remove food from people mouth and hin dey for where fresh ….haba think im now

  16. LMFAO

    January 27, 2013 at 12:42 pm

    1st of all vincent f- up u knw why he is working with the one 1 richest woman no matter what hin light must shine one day not to go and steal 3million..from her who knows if she have better plans for him …na hot body they worry the vincent sef and n stupid boy also because why should he invlove his family in this ..he should have been a little patience in LIFE …loyalty goes a long way body holy pass but the way he did his own e nor good it would have been better for him to steall like 30million not 3million…but he should have pictured him self 5years from now working with the alakija…..

  17. Grace

    June 6, 2016 at 7:45 pm

    This societal pressure to become the bread winner just because you are the first born is terrible.

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