Officials from the Economic and Financial Crimes Commission arraigned Osabohien Ologbosele and Hope Oghelemu, a married couple, along with two companies on February 16, 2026. They appeared before Ekerete Akpan, justice of the Federal High Court in Abuja.
The companies included Onome Global Market Resources Limited and Lexicon Multi concept Media Limited. Prosecutors filed an amended charge on January 28, 2026.
Allegations of Fraudulent Investments
Investigators accused the defendants of inducing people to invest in bitter kola and red kolanut exports to Hong Kong, China, and Indonesia. Victims received neither returns nor refunds.
Moreover one charge claimed Osabohien Ologbosele took N340 million from Hope Oghelemu’s Access Bank account into his Kuda Microfinance Bank account between January 2023 and April 2024. He knew the funds stemmed from unlawful activities.
Pleas and Bail Decisions
The defendants pleaded not guilty to all seven counts. O. S. Ujam, prosecution counsel, requested a trial date. However Marshal Abubakar, defence counsel, sought continued administrative bail for Osabohien Ologbosele and bail for Hope Oghelemu due to her one-year-old child.
Meanwhile Ekerete Akpan allowed Osabohien Ologbosele to remain on administrative bail but remanded Hope Oghelemu at Suleja Correctional Centre. The court adjourned the case to April 27, 2026, for hearing.
EFCC Arraigns Husband, Wife, Two Companies for N740m Investment Fraud
The Economic and Financial Crimes Commission, EFCC on Monday, February 16, 2026, arraigned the Chief Executive Officer of Onome Global Market Resources Limited and Lexicon Multi-concept Media Limited,… pic.twitter.com/tkrgsaFRhZ— EFCC Nigeria (@officialEFCC) February 16, 2026
