Metro

Lagos Court Convicts Firm Over ₦21m Fraud

Published

3 months ago

January 28, 2026

The Economic and Financial Crimes Commission (EFCC)
The Economic and Financial Crimes Commission (EFCC)

A Lagos State High Court sitting in Ikeja has convicted a company, Rahvet International Limited, for fraud involving the sum of ₦21 million, following its guilty plea to a charge of stealing, Nigeria’s anti-graft agency said on Wednesday.

Justice Ismail Ijelu delivered the judgment on January 28, 2026, after the company was arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC).

The firm was prosecuted on an amended one-count charge bordering on stealing, contrary to Section 285(1) of the Criminal Law of Lagos State, 2011.

According to the charge, Rahvet International Limited allegedly fraudulently converted ₦21,000,000 belonging to Chioma Adeoye in June 2021, within the Ikeja Judicial Division of the court.

The company pleaded guilty when the charge was read.

“During the investigation, it was discovered that a total sum of ₦21 million was paid into the company’s account,” he also told the court.

Following the guilty plea, the prosecution counsel, Anita Imo, called on EFCC investigator, Leonard Ayakor, to present the facts of the case. Ayakor told the court that the company approached the complainant under the pretext of conducting a research project and persuaded her to transfer funds into the company’s bank account.

He stated that investigations by the EFCC revealed that the complainant had paid a total of ₦21 million into the account of Rahvet International Limited. Ayakor further informed the court that the funds were later found to have been fraudulently converted by the company.

In his testimony, the investigator also confirmed that the company had fully refunded the complainant during the course of the investigation. The prosecution subsequently tendered documentary evidence, including a copy of the petition and the defendant’s statements, which were admitted by the court.

In his ruling, Justice Ijelu found Rahvet International Limited guilty as charged and convicted the company accordingly. The court ordered the firm to pay a fine of ₦100,000 within 72 hours.

The EFCC said the conviction underscored its ongoing efforts to combat economic and financial crimes, including corporate fraud, in Lagos and other parts of the country.

The commission has continued to pursue cases involving companies and individuals accused of defrauding members of the public under various guises, including investment schemes and business proposals.

The Lagos judiciary has, in recent years, handled a growing number of fraud-related cases brought by the EFCC, reflecting increased enforcement actions by the agency and heightened public awareness of financial crimes.

Metro

Ex-convict Arrested In Edo For Armed Robbery, Possession Of Firearm

Published

2 hours ago

May 5, 2026

Editor

The Edo State Security Corps (ESSC) has arrested a 45-year-old ex-convict, Owen Osas, for alleged unlawful possession of firearms and suspected involvement in a robbery incident.

Osas was reportedly arrested with a cut-to-size single-barrel gun during a covert operation along Fishpond Road in Eyean, Uhunmwonde Local Government Area.

The arrest reportedly comes barely a year after he was released from prison, where he had served time for illegal possession of firearms and other criminal offences.

Osas, who confessed to the latest crime, also admitted to being a member of the Eiye Confraternity.

READ ALSO:Tragedy As Suspected Kidnappers Kill Young Entrepreneur In Edo
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Consequently, a victim of an alleged robbery incident, Reginia Izy, identified Osas as the person who robbed her a day before his arrest.
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The victim narrated that the suspect had approached her residence around 8 p.m., pretending to be familiar before carrying out the attack.
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‎The Deputy Commander Operations of ESSC, Richard Balogun, said the arrest was part of intensified efforts to rid Edo State of criminal elements.

READ ALSO:Edo South Senatorial Seat: Nothing Wrong Seeking Wike’s Support – Ogbeide-Ihama
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‎Balogun explained that operatives conduct both overt patrols and covert operations to track and apprehend suspects.
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He said, ‎“Our men are always on patrol. Some operate in plain clothes as part of covert strategies, while others are stationed at strategic locations.

“Osas, who is a former convict, was arrested with firearms and he also confessed to be a member of the Eiye Confraternity.”
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Metro

Gunmen Kidnap Businessman In Ibadan

Published

2 days ago

May 4, 2026

Editor

Gunmen suspected to be kidnappers have abducted a 60-year-old man in Ibadan, the Oyo State capital.

The victim was kidnapped on Saturday while on his way to his residence.

The incident occurred at Jinarere, Alakia in Ibadan.

Public Relations Officer of the State Police command, Olayinka Ayanlade, when contacted, confirmed the incident.

Ayanlade in a statement made available to DAILY POST on Sunday, explained that efforts are ongoing to rescue the victim.

Ayanlade said, “Preliminary information reveals that the victim, a 60-year-old male and building materials trader, was accosted while returning home along the Jinarere axis of Alakia Road by four masked armed men, who forcefully whisked him away in an unregistered ash-coloured Toyota Corolla vehicle”.

Metro

Tragedy As Suspected Kidnappers Kill Young Entrepreneur In Edo

Published

2 days ago

May 3, 2026

Editor

A 30-year-old entrepreneur and CEO of Principle Takeout, Justice Abu Oshioke, has been killed by suspected kidnappers in Ekpoma, Esan West Local Government Area of Edo State.

He was reportedly attacked by the suspected kidnappers on Saturday while on his way to pick up an order made for his child’s dedication on Sunday morning.

Eyewitnesses said the attackers attempted to force him into a nearby bush in a kidnapping attempt. However, he reportedly resisted and tried to escape.

In the course of the struggle, the assailants opened fire, shooting him multiple times.

Concerned residents quickly rushed him to a nearby medical facility, but he was confirmed dead on arrival.

The deceased was said to have recently gotten married and welcomed a baby boy.

The tragic event has turned a joyous occasion into a moment of grief for the family.

The shocking development has left the Ekpoma community in deep sorrow, with many residents expressing outrage over the growing insecurity in the area.

Edo State Police Command’s spokesperson, Eno Ikoedem confirmed the incident and said the Commissioner of Police, Monday Agbonika has ordered a “full-scale investigation and intensified manhunt for those responsible.”

According to her, the Police, in collaboration with the military, local vigilantes, and hunters, are actively pursuing the perpetrators through coordinated operations.