The Economic and Financial Crimes Commission has arraigned Precious Williams, a director of Glossolalia Nigeria Ltd and Pelegend Nigeria Ltd, over an alleged N13.8 billion Ponzi scheme fraud.
Williams was brought before Justice S.I. Mark of the Federal High Court in Port Harcourt, Rivers State, on a 14-count charge bordering on conspiracy, obtaining money under false pretence, advance fee fraud, and money laundering.
According to the EFCC, Williams allegedly received funds traced to Maxwell Chizi Odum, founder of MBA Trading and Capital Investment Limited, who is still at large and laundered them through company accounts.
Williams pleaded not guilty to all charges and was remanded at the Port Harcourt Correctional Center pending the hearing of her bail application on June 17, 2025.
