EFCC Arraigns Alleged Fraudster Over N1.87bn Scam in Lagos
EFCC Arraigns Alleged Fraudster Over N1.87bn Scam in Lagos
EFCC Arraigns Alleged Fraudster Over N1.87bn Scam in Lagos
The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, Ikoyi, on Wednesday, March 4, 2026, arraigned an alleged serial fraudster, Titilayo Eboh, before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, over an alleged fraud involving N1,871,220,000.
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Eboh was arraigned alongside Chayomi Aluminium Limited and one Abubakar Funtua, who is currently at large, on a three-count charge bordering on conspiracy, stealing, and obtaining money by false pretence.
According to the EFCC, the defendants allegedly conspired between December 2, 2020 and January 25, 2021, in Lagos to fraudulently obtain the cumulative sum of N1,871,220,000 from Olamayowa Abdulwasiu Olabisi and Adekanmi Adedire of Himark Intertrades Limited.
The prosecution alleged that the defendants falsely claimed they had the United States dollar equivalent of the amount to exchange at a rate of N420 per dollar, a representation the EFCC said they knew to be false.
Eboh pleaded “not guilty” to the charges when they were read to her in court.
Following the plea, prosecution counsel, Nnaemeka Omenwa, requested a trial date and urged the court to remand the defendant in custody pending the commencement of trial.
Omenwa also informed the court that the defence had earlier forwarded a bail application relating to a separate case involving the defendant before Justice Rahman Oshodi, noting that he required clarification from the defence on which application to respond to.
Responding, defence counsel Emefo Etudo told the court he was not involved in the matter before Justice Oshodi and requested one hour to provide a hard copy of the bail application.
Etudo also asked the court to grant multiple trial dates and requested that the bail application be given an earlier hearing date in line with discussions with the prosecution.
Justice Dada subsequently adjourned the hearing of the bail application to March 24, 2026.
EFCC Arraigns Alleged Fraudster Over N1.87bn Scam in Lagos
