EFCC Arraigns Mompha’s Associate, Companies for Alleged N206m Fraud in Lagos The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, on Tuesday, January 20, 2026, arraigned one Sarumi Samusudeen Babafemi for an alleged N206,000,000 (Two Hundred and Six Million Naira) fraud before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos. Babafemi alongside his companies, 606 Autos Limited, 606 Music Limited, and Splash Off Entertainment Limited, were arraigned on a five-count charge bordering on conspiracy, concealment, and transfer of proceeds of crime to the tune of N206,000,000 (Two Hundred and Six Million Naira), contrary to Section 332(1) of the Criminal Law of Lagos State, 2011, and punishable under Section 332(3) of the same law. Count one reads: "That you, Sarumi Samusideen Babafemi, while being the Managing Director and Chief Executive Officer of 606 Autors Limited, 606 Music Limited, and Spl...