EFCC logo and Sapphire Scents MD, Wale Jana
By Our Reporter
The Managing Director of Sapphire Scents, Adewale Aladejana, popularly known as Wale Jana is currently swimming in troubled waters as the Economic and Financial Crimes Commission, EFCC, arraigned him before Justice M. A Madugu of a Federal High Court sitting in Bwari, Abuja, for obtaining money under false pretense to the tune of N12,000,000 (Twelve Million Naira only).
He was arraigned on three-count charge bordering on misappropriation and obtaining under false pretense.
He allegedly collected the sum of N12 million from potential investors in his company, with a promise of turnover in six months, without offering any profit or returning the invested funds to his investors.
Last year, several investors and distributors called him out for not giving them the returns on their investments and some also accused him of withholding their capital.
