The Economic and Financial Crimes Commission (EFCC), on Tuesday, arrested Fred Ajudua in Abuja.
This came after the Supreme Court issued an order on Friday, 5 May 2025, which revoked his bail and directed that he be remanded in the Correctional Service.
The Lagos-based socialite and businessman was nabbed in connection with an alleged $1.43 million fraud.
“Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Lagos-based socialite and businessman Fred Ajudua, pending his re-arraignment for an alleged $1.43 million fraud. He was arrested in Abuja on Tuesday and is currently in EFCC custody,” a source told Vanguard.