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Anti-corruption and elections / EFCC

Lagos Court Jails Businessman Seven Years for $247,390 Fraud

Justice Mojisola Dada of the Lagos State Special Offences Court sitting in Ikeja, Lagos, on May 14, 2026, convicted and sentenced a businessman, Kingsley Obasi, to seven years imprisonment for a $247,390 fraud. Obasi, alongside his company, Great King Parkson Industrial Company, was arraigned by the Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 1, on February 22, 2023, on a one-count charge bordering on stealing, contrary to Section 287(9)(b) of the Criminal Law of Lagos State, 2011. The charge reads: “That you, Kingsley Obasi and Great King Parkson Industrial Company…

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