Anti-corruption and elections / EFCC
Court Jails Man Two Years for N48.9m Theft
Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Monday, January 5, 2026, convicted and sentenced one Olawale Solomon Faleti, a former employee of the Lagos State Ministry of Education, to two years and five months imprisonment for N48,992,271.73 ( Forty Eight Million, Nine Hundred and Ninety Two Thousand, Two Hundred and Seventy One Naira, Seventy Three kobo) theft. Investigation revealed that Faleti, who maintained several accounts with one of the new generation banks , applied for a personal loan facility in the sum of N1,100,000.00 (One Million, One Hundred T…
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