Glossolalia Director Arraigned for Defrauding 3,000 Nigerians of N13.8bn by EFCC
The Economic and Financial Crimes Commission (EFCC) has arraigned Precious Williams, director of Glossolalia Nigeria Ltd and Pelegend Nigeria Ltd, for allegedly defrauding over 3,000 investors of N13.8 billion through a fake investment scheme.
Williams appeared before Justice S.I. Mark of the Federal High Court in Port Harcourt on a 14-count charge, including conspiracy, obtaining money under false pretences, and money laundering.
According to the EFCC, “between August 2019 and February 2020, Williams allegedly received N10 billion through her company’s Sterling Bank account from Maxwell Chizi Odum (still at large) and his company, MBA Trading and Capital Investment Ltd, knowing the funds were proceeds of fraud.”
The funds were allegedly collected from unsuspecting investors with the false promise of monthly returns of 10 to 15 percent. Another charge revealed that over N1 billion was received between December 2019 and November 2020 through a Polaris Bank account operated by Pelegend Nigeria Ltd.
Williams pleaded not guilty.
Prosecuting counsel E.K. Bakam requested a trial date and asked the court to remand the defendant in custody. Defense counsel Tochukwu Maduka urged the court to grant bail, but the prosecution opposed, saying “it was filed prematurely before the amended charge and arraignment.”
The court agreed and ruled that a new bail application must be filed.
Justice Mark ordered that Williams be remanded at the Port Harcourt Correctional Centre and adjourned the case to June 17, 2025, for the hearing of the bail application.
