Foreign Investors Petition EFCC Over Alleged $2.98m Fraud Against Senator Fasuyi
Foreign Investors Petition EFCC Over Alleged $2.98m Fraud Against Senator Fasuyi
Foreign investors have reportedly petitioned the Economic and Financial Crimes Commission (EFCC), accusing Senator representing Ekiti North Senatorial District, Senator Cyril Fasuyi, of allegedly defrauding them of about $2.98 million in a disputed business transaction.
According to the petition, the investors claim the funds were tied to a business deal that involved investment facilitation and project financing, which allegedly failed to materialize as agreed. They further alleged that after the payment was made, the expected deliverables were not fulfilled, prompting suspicions of misappropriation and breach of contract.
The petitioners are said to have urged the anti-graft agency to investigate the financial dealings surrounding the transaction, recover the funds if found to have been diverted, and ensure accountability in line with Nigerian financial laws.
However, as of the time of filing this report, Senator Fasuyi has not publicly responded to the allegations, and no official statement has been issued by the EFCC confirming a formal investigation.
The development has sparked renewed public attention on the need for transparency in international investment partnerships and the protection of foreign investors operating in Nigeria’s business environment.
Authorities are expected to review the petition in line with standard EFCC procedures before any formal action is taken.
