The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) has arraigned a company, Green Eagles Agri Business Solutions Limited before Justice C.J. Aneke of the Federal High Court sitting in Ikoyi.
According to the EFCC, the company was prosecuted on a two-count charge bordering on operating collective investment schemes without a licence from the Central Bank of Nigeria (CBN) on Wednesday, June 18, 2025.
The petitioners, a group of investors, alleged that sometime in 2020, the duo of Taiwo Oluwadahushola and Adetola Adetayo, promoters of the company, invaded social media and other media platforms advertising for investments.
They posed as investment moguls who could manage investors’ funds in an agricultural enterprise in exchange for fixed returns at a predetermined rate and duration.
The petitioners also alleged that a cumulative sum of ₦51,680,050 was deposited into the company’s account at various times.
“However, upon expiration of the investment period, investors could not access promoters and directors of the company through any form of communication. Also, the Commission subsequently received several letters of complaints from some other aggrieved investors,” the anti-graft agency stated.
It noted that investigation revealed that the company was neither registered by the CBN nor the Security and Exchange Commission (SEC) to carry out capital market operations or collect investments.
One of the counts reads: “That you, GREEN EAGLES AGRIBUSINESS SOLUTIONS LTD., within January and December 2020, in Nigeria, within the Judicial Division of this Honourable court, being a company incorporated in Nigeria, failed to obtain a valid licence from the Central Bank of Nigeria to carry on your business of investment management, and you thereby committed an offence contrary to Section 57 of the Banks and Other Financial Institutions Act 2020 and punishable under Sections 57(5) of the same Act.”
A “not guilty” plea was entered for the company, while prosecution counsel A.A.Usman prayed the court to fix a trial date.
Justice Aneke adjourned the case till November 4, 2025, for the commencement of trial.
