EFCC hands over N140m recovered from alleged loan fraud to B4 Sail

Author: Oluwaseun TaiwoPublished on: September 18, 2026Country: Nigeria

Crime & Law

EFCC hands over N140m recovered from alleged loan fraud to B4 Sail

The Economic and Financial Crimes Commission (EFCC) handed over N140 million recovered during an investigation into alleged fraud to B4 Sail Limited in Lagos on September 17, 2026. The investigation revealed that Jacob Oyebola Esan had obtained loans from B4 Sail but failed to repay, leading to an outstanding debt of N2.2505 billion. The pledged shares were sold without B4 Sail's consent, worsening the situation.

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