Reported by: Ijeoma G | Edited by: Gabriel Osa
The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, on Friday, January 30, 2026, arraigned alleged serial fraudster Titilayo Funmilayo Eboh and two co-accused, Uchenna Ejindu and Salami Eneojo Stephen, before Justice Ramon Oshodi of the Lagos State High Court in Ikeja over an alleged N247,500,000 fraud.
The trio faces an amended four-count charge, which includes obtaining money under false pretence, conspiracy, money laundering, and stealing. The charges stem from transactions and activities the EFCC alleges were carried out to misappropriate funds totaling Two Hundred and Forty-seven Million Five Hundred Thousand Naira.
The court proceedings followed EFCC investigations into the activities of the accused, which reportedly revealed patterns of fraudulent financial dealings. The arraignment forms part of ongoing efforts by the commission to tackle financial crimes and hold alleged offenders accountable under Nigerian law.
The matter has been adjourned for further hearing, with the accused remaining in court custody or under stipulated bail conditions as the legal process continues.
The EFCC reiterated its commitment to pursuing cases of financial malfeasance, underscoring its mandate to protect public and private funds, prosecute offenders, and recover assets obtained through illicit means.
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