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N1.1bn subsidy fraud: EFCC re-arraigns Arisekola’s son

The Economic and Financial Crimes Commission on Thursday re-arraigned Abdullahi Alao, the son of the late Ibadan business mogul, Arisekola, before the Lagos State High Court in Ikeja for an alleged fuel subsidy scam of N1,110,049,444.35.

Alao alongside his company, Axe Energy Limited, and one Olanrewaju Olalusi was re-arraigned before Justice Lateefa Okunnu.

The defendants had earlier been arraigned on May 22, 2015.

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