EFCC secures seven-year jail terms for five over N117.7m fraud
The EFCC has secured seven-year jail terms for five individuals involved in a N117.7m fraud against Chi Limited. Learn more about the conviction. Read More: https://punchng.com/efcc-secures-seven-year-jail-terms-for-five-over-n117-7m-fraud/
The Lagos State High Court sentenced five individuals to seven years in prison each for their involvement in a N117.7 million fraud involving Chi Limited. The Economic and Financial Crimes Commission (EFCC) disclosed the verdict, which was based on a six-count charge of conspiracy to obtain money by false pretence, obtaining money by false pretence, and forgery.
The five defendants, Yinka Salawu, Joshua Oluremi Daramola, Raji Ahmed, Afolabi Israel Olusegun, and Muraina Olanrewaju Abdullahi, were found guilty on Counts One, Two, and Three by Justice K.A. Jose. The court ordered the convicts to repay Chi Limited the stated sums, with the first convict also required to return properties belonging to him.
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