Cypril Nwalaezi, and Smart Nwalaezi. Credit: EFCC
Two brothers, Cypril Nwalaezi, and Smart Nwalaezi, have been arraigned by the Port Harcourt Zonal Directorate of the Economic and Financial Crimes Commission before Justice S. D. Pam of the Federal High Court, Port Harcourt for property fraud.
According to a statement posted on the EFCC’s X handle on Friday, the duo was arraigned on Thursday on an amended five-count charge, bordering on conspiracy and obtaining money under false pretense to the tune of N3,200,000.
Count two read, “That you, Cypril Nwalaezi on or about the 17th October, 2022 at Port Harcourt, within the jurisdiction of this Honourable Court, with intent to defraud and by false pretence that you had valid and subsisting title to a parcel of land, situated at Umuasukpo Farm Road, in Igbo-Etche in Etche Local Government Area of Rivers State, measuring 1150.805 and 1295.771 square metres.
“You also induced Mr Franklin Nwachukwu to purchase the same and obtained the sum of N2,750,000.00) from Mr Franklin Nwachukwu and thereby committed an offence contrary to Section 1(1)(b) & (c) of the Advance Fee Fraud and Other Fraud Related Offenses Act, 2006 and punishable under Section 1(3) of the same Act.”
