Fred Ajudua allegedly on the run as Supreme Court orders him back to prison over $1.43m fraud

Joseph Irikefe

Lagos-based businessman and socialite Fred Ajudua, who is on trial for allegedly defrauding a German company of $1.43 million over 30 years ago, has reportedly gone into hiding following a Supreme Court order mandating his return to prison, Advocacy Times reports.

In a unanimous decision delivered on Friday, the Supreme Court overturned the ruling of the Court of Appeal, declaring that the appellate court erred in granting Ajudua bail. The apex court subsequently ordered his immediate remand in correctional custody.

“Ajudua escaped after the Supreme Court ordered that he should be returned to prison,” one of the sources disclosed.

Whether Ajudua is still in Nigeria or has fled the country remains unclear.

The Supreme Court ordered the immediate return to prison of Fred Ajudua, who is standing trial for allegedly defrauding a German company of $1.43 million more than 30 years ago.

In a unanimous decision delivered on Friday, the apex court ruled that the Court of Appeal erred in granting