N117 Million Fraud : Five Bag Seven-year Jail Term in Lagos

Justice K.A. Jose of the Lagos State High Court sitting in Tapa, Lagos, on Thursday, September 3, 2026, convicted and sentenced five persons to seven years imprisonment for their involvement in a N117.7 million fraud involving Chi Limited. The convicts: Yinka Salawu, Joshua Oluremi Daramola, Raji Ahmed, Afolabi Israel Olusegun, and Muraina Olanrewaju Abdullahi, were prosecuted by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on a six-count charge bordering on conspiracy to obtain money by false pretence, obtaining money by false pretence, and forgery. One…

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Source	EFCC
Collection	Anti-corruption and elections
Kind	Document
Publisher	Economic and Financial Crimes Commission (EFCC)
Date	2026-09-07
Type	press-release
Found at	https://www.efcc.gov.ng/news/n117-million-fraud-five-bag-seven-year-jail-term-in-lagos
Archived copy	Look it up in the Wayback Machine
Record ID	`efcc:news:14278`

Cite this record

N117 Million Fraud : Five Bag Seven-year Jail Term in Lagos. EFCC, 2026. Vero Archive, record efcc:news:14278.