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Popular Lagos socialite and nightlife figure, Olaseni Olayinka better known as Abu Abel has found himself at the center of a multimillion-naira fraud scandal involving a controversial land transaction worth ₦477 million.
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According to reports, the case revolves around a 2023 deal with Doyin Investment Group of Companies, who claim they paid ₦447 million for three plots of land on Augustina Orji Street in Oke-Arin Village, Eti-Osa, Lagos. The land, reportedly tied to the Ojomu Chieftaincy Family, came with signed documents, a deed of assignment, and all necessary paperwork. But the plots were allegedly already encumbered.
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Despite knowing the land had unresolved ownership issues, Abu Abel allegedly proceeded with the sale. Police sources claim he later admitted to being aware of the complications. In a bid to make amends, he refunded ₦230 million but failed to deliver the remaining ₦217 million.
In January 2024, Abel signed a written agreement promising to settle the balance and even pledged a property in Lekki as collateral. However, months passed with no payment, and he allegedly became evasive. According to investigators from the Force Criminal Investigation Department (FCID), he went into hiding at a private residence in Victoria Island.
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After weeks of surveillance, FCID operatives tracked him down and arrested him.
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In a legal countermeasure, Abu Abel filed a fundamental human rights lawsuit, attempting to stall the investigation and prevent his arrest. However, sources within the FCID say they’ve gathered substantial evidence, including receipts, communications, and signed agreements linking him directly to the fraudulent transaction.
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To complicate matters, authorities are also probing Abu Abel’s alleged ties to a suspected cult group involved in land grabbing, fraud, and intimidation in Lagos and Ogun States.
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If found guilty, he may face several charges including obtaining money under false pretense, criminal breach of trust, and conspiracy to defraud.
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Meanwhile, Doyin Investment Group has formally petitioned the Inspector General of Police, Kayode Egbetokun, urging his office to ensure the recovery of their funds and that justice is served.
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This isn’t the first time Abu Abel’s name has been linked to land controversies. Earlier in 2024, he accused certain officials of attempting to seize his property in Silicon Estate, Eti-Osa a case that also generated public drama and court battles.
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