Alleged N1.2bn Fraud: Court Issues Arrest Warrant Against Elusive Rolland Oluwasegun Elusoji

Justice Alexander Owoeye of a Federal High Court Lagos, has ordered the Nigeria Police and other security agencies to arrest a Nigeria businessman, Rolland Oluwasegun Elusoji, anywhere he may be found.

The judge’s order for the arrest of the businessman contained in a warrant of arrest marked Form E, issued and signed by the judge on February 18, 2026, following the prosecution’s request for the order.

The defendant was scheduled to appear in court on February 18, 2026, for his trial of the charges of conspiracy, brained under false pretence and fraud of N1,207,000,000 billion made against him by the operatives police Special Fraud Unit (PSFU), Ikoy, Lagos.

The PSFU in a charge marked FHC/L/583c/’25, have accused the fleeing businessman and the duo of Oladejo Funmilayo Grace and Abiola Oluwasegun of committing the alleged offences on November 30, 2024, in lagos.

In the charge, the businessman and his co-defendants were alleged to have fraudulently obtained the money from one Otunba Seye Famojuro, purchases of a vehicle and real-estate property for him,

The offences according to the prosecutor, Barrister Achi Caleb, a Chief Superintendent of (CSP) are contrary to Sections 8(1) and 1(a) and punishable under Section 1(3) of the Advance Fee Fraud And Other Related Offences Act, 2006.

The offence is also contrary to Section 21(a) and punishable under Section 18(2) of the Money Laundering [Prevention & Prohibition] Act, 2022.

But since the charge was filed and served on the defendant through his email address Roland.elusuji@gmail.com (phone no. +1(404) 921-8447), and his lawyer by the order of the court delivered on November 2025, he has not appeared in court to take his plea on the allegations.

The matter has been adjourned to May 25, for the defendant’s arraignment.

Parts of the amended Charge against the defendant read: “that you, Mr. Rolland Oluwasegun Elusoji, on or before the 30th day of November, 2024 within the Federal High Court, Lagos Judicial Division, conspired with One Oladejo Funmilayo Grace ‘m’, Abiola Oluwasegun ‘m’, at large, to commit a felony to wit; obtaining funds to the total sum of about One Billion, Two Hundred and Seven Million Naira (N1, 207, 000, 000.00k) Only, from One Otunba Seye Famojuro ‘m’’, under the false pretence of purchases of a vehicle and real-estate property for him, knowing same to be false, and thereby committed an offence contrary to Section 8(1) and punishable under Section 1(3) of the Advance Fee Fraud And Other Related Offences Act, 2006

“Mr. Rolland Oluwasegun Elusoji, and One Oladejo Funmilayo Grace ‘f’, Abiola Oluwasegun ‘m’, at large, on or about the 30th day of November, 2024 in Lagos, within the aforesaid Judicial Division, with intent to defraud, obtained the total sum of about Two Hundred and Seventy Million Naira (N270,000,000.00k) Only, from one Otunba Seye Famojuro ‘m’, under the false pretence of purchases of vehicle for him[Mercedes Benz, GLE 635, 2024 modell], Knowing same to be false, and thereby committed an offence contrary to Section 1(a) and punishable under Section 1(3) of the Advance Fee Fraud And Other Related Offences Act, 2006

“Mr. Rolland Oluwasegun Elusoji, on or before the 30th day of November, 2024 within the Federal High Court, Lagos Judicial Division, conspired with One Oladejo Funmilayo Grace ‘f, Abiola Oluwasegun ‘m’, at large, to commit a felony to wit; takes possession or control of proceeds of crime, with the total sum of about One Billion, Two Hundred and Seven Million Naira (N1. 207, 000, 000.00k) Only, from one Otunba Seye Famojuro ‘m’, and thereby committed an offence contrary to Section 21(a) and punishable under Section 18(2) of the Money Laundering [Prevention & Prohibition] Act, 2022.

“Mr. Rolland Oluwasegun Elusoji, and One Oladejo Funmilayo Grace ‘f, Abiola Oluwasegun ‘m’, at large, on or about the 30th day of November, 2024 at Lagos, within the aforesaid Judicial Division, did directly or indirectly acquires, or takes possession or control of funds, to the total sum of about One Billion, Two Hundred and Seven Million Naira (N1. 207, 000, 000.00k) Only, from one Otunba Seye Famojuro ‘m’, intentionally, knowingly or reasonably ought to have known that such funds forms part of the proceeds of unlawful act, and thereby committed an offence punishable under Section 18(2) of the Money Laundering [Prevention & Prohibition] Act, 2022.”