Lagos High Court sentences five to seven years for N117m fraud

Five individuals have been sentenced to seven years in prison by the Lagos State High Court for their involvement in a N117.7 million fraud targeting Chi Limited. The convicts, identified as Yinka Salawu, Joshua Oluremi Daramola, Raji Ahmed, Afolabi Israel Olusegun, and Muraina Olanrewaju Abdullahi, were prosecuted by the Economic and Financial Crimes Commission (EFCC).

The charges included conspiracy to obtain money by false pretense, obtaining money by false pretense, and forgery. Evidence presented during the trial indicated that in 2009, the defendants obtained over N81 million from Chi Limited under the false claim that the funds were payments for goods and services rendered. The prosecution utilized 17 witnesses from the EFCC, the Nigeria Police Force, various banks, and Chi Limited to establish the case.