The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Directorate, has arraigned a man and his company before the Oyo State High Court over an alleged ₦7.8 million fraud involving the sale of a vehicle.

The defendant was accused of obtaining money from a customer under the claim that he could provide a vehicle, but allegedly failed to fulfil the agreement after receiving the payment. The EFCC brought the case before the court as part of its investigation into alleged fraudulent dealings.

The prosecution presented the allegations against the defendant and his company, while the matter proceeded before the court. The charges relate to alleged fraudulent conversion and obtaining money under false pretences, according to the EFCC’s case.

The defendant will remain subject to the court process as proceedings continue. The allegations have not been proven, and he is presumed innocent unless found guilty by the court.