EFCC Arraigns Businesswoman, Ramalian-Yaro, Four Firms for Alleged Multi-billion Naira Fraud in Lagos The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, May 8, 2023, arraigned a businesswoman, Saadatu Ramallan-Yaro, Director, April 1616 Investment Limited and Amsaymay Limited, both Designated Non-Financial Institutions, on alleged money laundering before Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos. Also arraigned on separate charges were four companies: April 1616 Investment Limited; Misabs International Limited, Armada Financial Services and Amsamay Limited. One of the charges against Ramallan-Yaro reads: “That you, Saadatu Ramallan-Yaro, being a Director of April 1616 Investment Limited, a Designated Non-Financial Institution, on or about the 3rd day of July, 2020 in Lagos, within the jurisdiction of this Honourable Court, failed to submit to the Ministry of Commerce a declaration of activitie...