The Economic and Financial Crimes Commission, EFCC, has arraigned the Managing Director of Sapphire Scents Limited, Adewale Aladejana, also known as Wale Jana.
According to the anti-graft agency on Friday, Adewale Aladejana was arraigned on Tuesday, October 4th before Justice M. A Madugu of the Federal High Court sitting in Bwari, Abuja.
He was arraigned on a three- count charges bordering on misappropriation and obtaining under false pretense to the tune of N12,000,000, Twelve Million Naira only, from potential investors in his company.
He was alleged to have collected the sum of N12 million from potential investors in his company, with a promise of turnover in six months, without offering any profit or returning the invested funds to his investors.
