Follow Us on Google
From Sola Ojo, Abuja
The Economic and Financial Crimes Commission (EFCC) has arraigned an alleged serial fraudster, Titilayo Eboh, before the Special Offences Court in Ikeja, Lagos, over an alleged N1.87 billion foreign exchange fraud.
Eboh was arraigned before Justice Mojisola Dada alongside Chayomi Aluminium Limited and one Abubakar Funtua, who is currently at large.
The defendants are facing a three-count charge bordering on conspiracy to obtain money by false pretence, stealing and obtaining money under false pretence.
According to the Head of Media and Publicity, EFCC, Dele Oyewale, the defendants allegedly conspired between December 2, 2020, and January 25, 2021, to obtain a cumulative sum of N1.8 billion from Olamayowa Abdulwasiu Olabisi and Adekanmi Adedire of Himark Intertrades Limited.
The prosecution alleged that the suspects deceived the victims into believing they had the equivalent amount in United States dollars available for exchange at the rate of N420 per dollar, a claim the commission said they knew to be false.
Other News
Eboh pleaded not guilty to the charges when they were read in court.
Following the plea, prosecution counsel, Nnaemeka Omenwa, asked the court to fix a trial date and remand the defendant in appropriate custody pending the commencement of trial.
Omenwa also informed the court that the defence had sent a bail application linked to a related case before Justice Rahman Oshodi via email, noting that clarification was needed before filing a response.
However, defence counsel, Emefo Etudo, said he was not involved in the case before Justice Oshodi and requested one hour to produce a hard copy of the defendant’s bail application.
Etudo also asked the court to grant multiple trial dates and urged that the bail application be heard earlier.
Justice Dada subsequently adjourned the hearing of the bail application to March 24, 2026, while the trial is scheduled to commence on May 4, 2026.
