A popular Ibadan socialite, Ajayi Oluwabukola Temitope has been arrested by operatives of the Economic and Financial Crimes Commission.
She was alleged to have obtained money to the tune of N24.9million by false pretence.
The 42-year-old Ibadan socialite was arrested following a series of petitions.
The suspect, who EFCC said claims to be a registered dealer with a soft drinks manufacturers in Ibadan, the Oyo State capital, promised to supply products to the petitioners but failed after collecting money from them.
The Commission made the disclosure in a statement issued by its Head, Media and Publicity, Wilson Uwujaren on Friday.
In one of the petitions, according to the statement, Ajayi promised to supply a truck load of carbonated soft drinks worth N17, 375,000 from Ibadan to Mabera Trading Company and Altine Musa in Sokoto but failed to do so.
She also allegedly promised to supply soft drinks worth N7, 580,000 to one Bashiru Musa, a business man based in Sokoto and Ibadan but never did.
Uwujaren said the suspect will be charged to court as soon as the investigation is concluded.
It was learnt that the suspect is in EFCC custody and has denied the allegations of fraud.