Efforts to recover the outstanding amount have reportedly been futile, leading Francis to file a formal complaint with Benin’s Economic and Financial Brigade (BEF).

Captain Olufa Ola, a Nigerian national, is currently wanted by Interpol in the Republic of Benin in connection with an alleged diesel fuel fraud involving significant financial discrepancies. Recent reports indicate that Olufa Ola allegedly sold a shipment of diesel to Olushégun Francis in March 2024, valued at $420,000 (266,319,000 CFA Francs).

However, upon receiving the shipment, Francis discovered it was mixed with a substantial amount of water, reducing its quality and quantity to a value of approximately $276,300 (175,450,500 CFA Francs) after drainage.
Francis claims he received an additional $314,000 (199,961,500 CFA Francs) from Ola as partial compensation but was left with an unpaid balance of 24,511,000 CFA Francs.

Efforts to recover the outstanding amount have reportedly been futile, leading Francis to file a formal complaint with Benin’s Economic and Financial Brigade (BEF).

This situation has also drawn attention due to recent false reports alleging that prominent Yoruba nation advocate Sunday Igboho was financially involved in the deal. CityNews Nigeria initially reported that Igboho had guaranteed the transaction for Francis, but this was swiftly debunked by Igboho’s spokesperson, Olayomi Koiki, on October 7, 2024. Koiki clarified that Igboho’s involvement was limited to endorsing Francis as a trusted associate and did not extend to any financial or legal liability in the deal.

The case remains under investigation as authorities pursue Captain Olufa Ola to resolve the outstanding claims.

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