Fred Ajudua Arrested by EFCC Over $1.43 Million Fraud

Fred Ajudua, a Lagos-based socialite and businessman, was arrested by the Economic and Financial Crimes Commission (EFCC) in Abuja on Tuesday, May 13, 2025. The arrest follows a Supreme Court ruling on May 5, 2025, which revoked his bail and ordered his remand over a long-standing $1.43 million fraud case dating back to 1993 involving a German businessman.

Ajudua, who has faced multiple fraud allegations since the 1990s, is set for re-arraignment. His case has seen numerous delays due to health-related bail requests and previous failed arrest attempts. A top EFCC source confirmed that he is now in custody, though official comments from the agency are still pending.