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Executive Zion Adeoye Launched Firm Following Allegations

Zion Adeoye has founded Africarta Advisory Group after his 2026 termination from the Centurion Law Group.

Updated on Sept. 21, 2026 in Financial Crime

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Zion Adeoye has launched Africarta Advisory Group across several African cities while facing active financial investigations into his prior conduct at Centurion Law Group. AI Illustration. Upload story photo >

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Would you trust a new business led by an executive previously accused of financial misconduct?

Zion Adeoye, previously terminated from Centurion Law Group for alleged fraud and theft, has launched a new firm called Africarta Advisory Group. The new firm operates across several African cities while Adeoye faces active scrutiny from financial authorities.

Why it matters

The launch follows serious allegations of unauthorized bank account registrations and the diversion of corporate funds into personal accounts. Authorities in Nigeria, Mauritius, and South Africa are currently investigating these claims of breach of fiduciary duty.

A petition received by the Economic and Financial Crimes Commission on June 17, 2026, details allegations of financial misconduct and unauthorized business registrations. Investigations are currently active across Nigeria, Mauritius, and South Africa.

The players

Zion Adeoye

He is the Group CEO and Managing Partner of Africarta Advisory Group who was previously terminated from Centurion Law Group.

Centurion Law Group

This is a legal firm that conducted a disciplinary hearing and investigation into its former partner, Zion Adeoye.

Economic and Financial Crimes Commission (EFCC)

This is the Nigerian law enforcement agency currently reviewing petitions related to company structures and financial accounts.

Brenda Njeri Wagura

She serves as the leader of East African operations for the newly established Africarta Advisory Group.

The details

Following internal and external investigations, Centurion Law Group terminated Zion Adeoye in January 2026 for findings of misconduct, theft, and breach of fiduciary duty. Allegations include the registration of entities similar to existing firms and the illicit opening of bank accounts to facilitate fund diversion.

Timeline

  1. Centurion Law Group suspended Zion Adeoye in 2025.

  2. The firm terminated Adeoye in January 2026.

  3. The EFCC received a petition regarding the matter on June 17, 2026.

  4. Africarta Advisory Group launch was reported on September 21, 2026.

Legal Context

The active investigations follow a pattern of increasing scrutiny for financial misconduct across African jurisdictions. The current legal actions follow the established referral protocols of the Directorate for Priority Crime Investigation regarding corporate fraud.

The involvement of regional regulatory bodies highlights increased oversight of business registrations and financial transparency in the professional services sector. Clients and stakeholders are advised to monitor official disclosures regarding the firm's legal standing.

The takeaway

Professional oversight remains critical when engaging with firms managed by individuals under active investigation for financial misconduct. Readers should verify corporate credentials and regulatory compliance status before entering into new advisory agreements.

Further reading

For more information on global enforcement trends, visit the Financial Crime section.

Source note: This article includes information reported by New Telegraph.

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Would you trust a new business led by an executive previously accused of financial misconduct?