Sunday, December 4, 2022

EFCC arraigns Sapphire Scents’ MD Adewale Aladejana over N12 million fraud

Among his list of clients are President and First Lady Muhammad and Aisha Buhari, Davido and former Victoria Secret model, Oluchi.

• October 7, 2022
Sapphire Scent MD Adewale Aladejana [Photo credit: Naija News]

Popular perfumer and founder of Sapphire Scents, Adewale Aladejana, has been arraigned in court over his involvement in N12 million fraud.

The Economic and Financial Crimes Commission (EFCC) announced Friday that Mr Aladejana was arraigned on Tuesday before Justice M. A Madugu of the Federal High Court, Bwari, Abuja.

Mr Aladejana was arraigned on “three-count charges bordering on misappropriation and obtaining under false pretence; obtaining money under false pretence to the tune of N12,000,000 (Twelve Million Naira only),” the EFCC said in a statement.

“Specifically, he allegedly collected the sum of N12 million from potential investors in his company, with a promise of turnover in six months, without offering any profit or returning the invested funds to his investors,” the anti-graft agency added.

In 2019, Forbes said that Mr Aladejana started his company with $88 four years ago and has grown it into a multimillion-dollar enterprise that caters to heads of state including Nigerian President and First Lady, Muhammad and Aisha Buhari.

Also listed as some of Mr Aladejana’s notable clients include African pop star, and one of Instagram’s highest paid celebrities, Davido, and former Victoria Secret model, Oluchi.

Before now, Mr Aladejana, a social media enthusiast, had on different occasions written about how business went sour and he landed in debt to his investors. However, he said he planned on settling his investors and coming out of the debt.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

England vs Senegal


Qatar 2022: England’s Three Lions devour Teranga Lions of Senegal to reach World Cup quarterfinals

Two first half goals from Jordan Henderson and Harry Kane and another in the second half by Bukayo Saka secured England’s spot in the quarterfinals.

A composite of Atiku Abubakar and Dubai city used to illustrate the story


I may not patronise Nigerian hospitals if elected president: Atiku

Peter Obi of the Labour Party said he would use Nigerian doctors if elected president, adding that available facilities would be improved to meet global standards.

Kwankwaso and Atiku

Hot news Home top

Atiku should lower fees at his university if he’s serious about education in Nigeria: Kwankwaso

Mr Abubakar of the Peoples Democratic Party, Mr Kwankwaso and Peter Obi of the Labour Party are among the presidential candidates taking part in today’s dialogue.

A composite of Bandits and Gambo Isah used to illustrate the story.

Heading 5

Bandits shoot imam, abduct 19 worshipers inside Katsina mosque; police rescue six

The incident was first reported by resident witnesses who said that the attackers had injured and shot the chief imam and one other worshipper during prayers.

A composite of Femi Falana, Recoloured notes and President Muhammadu Buhari used to illustrate the story.


Naira Recolouring: Buhari regime breached Constitution, says Femi Falana

Mr Falana argued that the Constitution requires Mr Buhari to present a Money Bill for the withdrawal of funds that will be used to print the recoloured notes