The Economic and Financial Crimes Commission (EFCC) has arraigned a businesswoman, Titilayo Eboh, before the Special Offences Court sitting in the Ikeja area of Lagos State over alleged N1.8 billion fraud.
Eboh was arraigned alongside a company, Chayomi Aluminum Limited, and one Abubakar Funtua (now at large), on three-count charge of conspiracy, stealing, and obtaining money by false pretence on Wednesday, March 4, 2026.
The defendant, however, pleaded not guilty to the charges.
The prosecutor, Nnaemeka Omenwa, urged the court to order a remand of the businesswoman, pending trial.
He informed the court that the defence counsel had sent a bail application to his email, on a sister case involving the defendant, pending before Justice Rahman Oshodi.
The lawyer added that he required clarification from defence counsel, so as to know which application to rely on before he files a response.
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In response, defence counsel, Emefo Etudo, said he was not a party to what happened before Justice Oshodi.
He prayed the court to give multiple trial dates while bail application should be given earlier date for hearing, following discussions with the prosecution.
The presiding judge, Justice Mojisola Dada, ordered the remand of the businesswoman and adjourned the case until March 24, 2026, for hearing of the bail application.
Th EFCC alleged in one of the counts that the defendant, with one other still at large, committed the offence between December 2, 2020, and January 25 2021, in Lagos.
The anti-graft agency said Eboh obtained N1.8 billion from one Olamayowa Abdulwasiu-Olabisi and Adekanmi Adedire of Himark Intertrades Limited, with intent to defraud.
She was alleged to have told the nominal complainants that she had the dollar equivalent of the said sum to exchange for them at the rate of N420 per dollar, knowing same to be false.
The prosecutor alleged that Eboh dishonestly converted the sum of N458.2 million belonging to the complainants to her personal use.
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