EFCC Petition Reignites Fraud Storm Around Ex-Centurion CEO Zion Adeoye

• Fresh allegations against former Centurion Law Group chief executive Zion Adeoye have resurfaced in Nigeria, with a petition to the Economic and Financial Crimes Commission (EFCC) alleging financial misconduct linked to his former employer.

 Adeoye was suspended by Centurion Law Group in late 2025 while the firm investigated allegations concerning his conduct. In January 2026, CLG announced his termination following what it described as internal and external investigations and a disciplinary hearing. The firm cited allegations including fraud, extortion, theft, misuse and misappropriation of company funds, breach of fiduciary duty and mismanagement. CLG stressed at the time that allegations did not amount to a finding of criminal guilt.

 The latest development centres on a petition bearing the receipt stamp of the EFCC Lagos Zonal Directorate 2, dated June 17, 2026.

 The petition alleges that a Nigerian business using a name similar to Centurion Law Advisory & Consulting was registered without CLG’s authorisation. It further alleges that bank accounts in Nigeria and Mauritius were used in transactions involving company funds, including an account allegedly opened with Guaranty Trust Bank without the knowledge or approval of CLG’s leadership or finance department.

 Other allegations include receiving company funds through personal accounts, unauthorised arrangements with third parties, obtaining money through alleged misrepresentation and converting company or client funds for personal use.

 The allegations remain allegations and have not established criminal liability or resulted in a reported conviction against Adeoye based on the material reviewed.

 Adeoye has since launched Africarta Advisory Group, where he is listed as Group CEO and Managing Partner. The firm provides legal, tax, regulatory, restructuring and corporate-governance services across Africa.