EFCC arraigns man, company for N12.5bn fraud in Lagos
The company, S Mobile Netzone Limited, was among 58 companies the EFCC named in March 2025 in a public alert on alleged illegal investment schemes. The post EFCC arraigns man, company for N12.5bn fraud in Lagos appeared first on Premium Times Nigeria .
Two individuals, Harry Uyanwanne and Oluwakemi Odia, have been sentenced to 14 years in prison each for a property fraud totaling N67.6 million in Lagos, according to the Economic and Financial Crimes Commission (EFCC). The court ordered them to repay the full amount of N67,659,592 to the victim, Olusola Odemuyiwa. The couple was charged with conspiracy, theft, obtaining money through false pretenses, and forgery, but the judge dismissed the forgery charge.
They pleaded not guilty at their arraignment, and the prosecution presented evidence from three witnesses, while the defense presented one witness. The couple was accused of falsely claiming they had authorization to sell a property belonging to the beneficiaries of late Dr. Moshood Babatunde Odemuyiwa's estate.
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