The Economic and Financial Crimes Commission (EFCC) on Tuesday, arrested Lagos-based businessman, Fred Ajudua, following a Supreme Court order revoking his bail.
Ajudua is facing trial for allegedly defrauding a Palestinian businessman, Zad Abu Zalaf, of $1,043,000.
He was picked up by EFCC operatives on Tuesday in Abuja and remains in the custody of the anti-graft agency.
A senior EFCC official, who requested anonymity due to lack of authorisation to speak to the media, confirmed the arrest to Punch.
“We have arrested Ajudua pending his re-arraignment in court. He was arrested in Abuja on Tuesday and he’s in our custody as we speak,” the source said.
The EFCC’s Head of Media and Publicity, Dele Oyewale, declined to comment on the arrest.
The Supreme Court, in a ruling delivered on Friday, May 5, 2025, ordered Ajudua’s remand in a correctional facility and revoked the bail earlier granted him by the Lagos Division of the Court of Appeal on September 10, 2018.
The case against Ajudua dates back to 2005 and has suffered multiple delays due to reassignments between judges. Initially assigned to Justice Morenike Obadina of the Lagos High Court, the case was later moved to Justices Josephine Oyefeso and then Mojisola Dada.
