The Economic and Financial Crimes Commission (EFCC) has arraigned the Chief Executive Officer of Onome Global Market Resources Limited and Lexicon Multi-concept Media Limited, Osabohien Alex Ologbosele, alongside his wife, Hope Onome Oghelemu, over a ₦740 million investment fraud.
The arraignment, before Justice Ekerete Akpan of the Federal High Court sitting in Abuja on Monday, February 16, 2026, also included the two companies — Onome Global Market Resources Limited and Lexicon Multi-concept Media Limited.
According to the EFCC, they were arraigned on a seven-count charge for obtaining by false pretence, conversion of funds, and money laundering to the tune of about ₦740 million, contrary to Section 18(2)(b) of the Money Laundering Prevention and Prohibition Act 2022, with punishment under Section 18(4) of the same Act.
At the arraignment, the prosecution counsel, O.S. Ujam, informed the court that the prosecution had filed amended charges before the court on January 28, 2026, and prayed the court to read the same to the defendants.
Count one of the amended-charge reads: “That you Osabohien Alex Ologbosele, sometimes between January 2023 and April 2024, in Abuja within the jurisdiction of this Honourable court, directly took possession of the aggregate sum of ₦340,000,000 (Three Hundred and Forty Million Naira) paid into your account with account number 202277 3919 domiciled in Kuda Microfinance Bank Limited, from the account of Hope Onome Ogbhelemu with account number, 0827261710 domiciled in Access Bank PLc, when you reasonably ought to have known that the said sum formed part of the proceeds of unlawful act and you thereby committed an offence contrary to Section 18(20(a) of Money Laundering (Prevention and Prohibition)Act 2022, and punishable under Section 18(3) of the same Act.”
Another count reads: “That you Osabohien Alex Ologbosele, sometimes between January 2023 and April 2024, in Abuja within the jurisdiction of this Honourable court, directly used the aggregate sum of ₦24,100,000 (Twenty Four Million, One Hundred Thousand Naira) paid into your account with account number 2022773919 domiciled in Kuda Microfinance Bank Limited from the account of Hope Onoe Oghelemu with account number 0827261710 domiciled in Access Bank Plc, to establish and operate a music and photo studio located at Crowther Plaza, Gudu District, Abuja, when you knew or ought to reasonably ought to have known that the said sum formed part of the proceeds of an unlawful act and you thereby committed an offence contrary to Section 18(2)(d) of the Money Laundering (Prevention and Prohibition) Act 2022, and punishable under Section 18(3) of the same Act.”
In view of the “not guilty” plea of the defendants, Ujam prayed the court for a date for commencement of trial. Similarly, defence counsel, Marshal Abubakar, prayed the court to allow the first defendant to continue with an administrative bail granted by the court and pleaded that the court grant the third defendant bail for nursing a one year-old baby.
In his ruling, Justice Akpan denied the third defendant bail but allowed the first defendant to continue enjoying the administrative bail granted by the court.
The judge further remanded the third defendant in Suleja Correctional Centre while adjourning the matter for definite hearing to April 27, 2026.
The Commission revealed that investigations showed that the defendants induced various innocent citizens to pay various sums of money into the accounts of Hope Onome Oghelemu and Onome Global Market Resources Limited under the false pretence that the monies were for investment in the procurement and exportation of bags of bitter kola and red kolanut to Hong Kong, China, and Indonesia, after which they would be paid their Return on Investment (ROI).
It also confirmed that the investors were neither paid their ROI nor refunded their investment sums.
