DKK Partners Limited kicks as EFCC nabs company staff over alleged N993m fraud

The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of Kofoworola Kolawole, a company representative, in connection with an ongoing investigation into an alleged financial transaction dispute involving N993,247,796.70 in Ilorin, Kwara State.

Kolawole, 37, was taken into custody following a petition submitted by Predictus Remit Limited, a subsidiary of Fairmoney Microfinance Bank.

The EFCC disclosed the development in a statement shared on its official X (formerly Twitter) handle on Monday.

According to the Commission, the petition alleged that Kolawole, alongside two company directors—Duru Ogadima and Talukder Muhammed Khalidur Rahman, who are currently not in custody—and their firm, DKK Partners Limited, were involved in a transaction related to the funds, which was presented as a foreign exchange arrangement.

“The arrest of Kolawole, 37, was sequel to a petition submitted to the Commission by Predictus Remit Limited, a subsidiary of Fairmoney Microfinance Bank,” the statement read.

“The petitioner alleged that Kolawole, alongside the company directors—Duru Ogadima and Talukder Muhammed Khalidur Rahman—and their firm, DKK Partners Limited, obtained the said sum under the pretext of facilitating a foreign exchange transaction.”

The Commission further stated that the funds were reportedly received on November 25, 2025, with an understanding that the dollar equivalent of $675,219.44 would be remitted.

EFCC added that preliminary findings from its investigation suggest that the funds were processed through a bank account and later converted into digital assets. The agency noted that investigations are ongoing and that appropriate legal steps will be taken upon conclusion.

In response, DKK Partners Limited has denied any wrongdoing.

In a statement sent to PM News, Simon Head, who identified himself as Chief of Staff of the company, said the firm operates in compliance with applicable laws and has not engaged in any fraudulent activity.

The statement said: “We categorically and unequivocally refute these false and damaging allegations in their entirety. DKK Partners has never committed fraud in Nigeria or in any other jurisdiction, nor has it engaged in any scheme to divert, misappropriate, or launder client funds. The sweeping assertions being circulated are wholly unsubstantiated and present a grossly misleading picture of our business, our conduct, and our track record of compliance with all applicable laws and regulations.”

The company also expressed concern over the handling of the matter, stating that it had not been given sufficient opportunity to present its position prior to the public disclosure of the allegations.

The company said: “We are deeply concerned that EFCC’s handling of this matter has been disproportionate, unfair, and prejudicial, in a manner that appears to have prioritised publicity over due process and factual accuracy. At no point has DKK Partners been given a fair opportunity to present its position before these serious allegations were publicised, nor has any credible evidence of wrongdoing by the company been put to us.”

DKK Partners added that it is willing to cooperate with any lawful and impartial investigation and would provide relevant documentation where necessary.

“We remain ready to cooperate with any fair inquiry and to demonstrate that we have acted within the law,” the statement added, noting that the company would take appropriate steps to protect its reputation.

However, EFCC also confirmed that suspect will be arraigned in court upon the conclusion of ongoing investigations.