The brothers were arraigned by the Port Harcourt Zonal Directorate of the EFCC before Justice S. D. Pam on an amended five-count charge bordering on conspiracy and obtaining money under false pretences involving a total sum of N3.2 million.
The Economic and Financial Crimes Commission (EFCC) has arraigned two brothers, Cypril Nwalaezi and Smart Chinedu Nwalaezi, before the Federal High Court in Port Harcourt, Rivers State, over an alleged land fraud involving the resale of the same parcels of land to multiple buyers after collecting millions of naira from an initial buyer.
The brothers were arraigned by the Port Harcourt Zonal Directorate of the EFCC before Justice S. D. Pam on an amended five-count charge bordering on conspiracy and obtaining money under false pretences involving a total sum of N3.2 million.
According to the anti-graft agency, the defendants allegedly deceived a buyer into believing they had valid ownership of parcels of land located along Umuasukpo Farm Road in Igbo-Etche, Etche Local Government Area of Rivers State, before collecting payment for the properties.
The agency said investigators later discovered that the same plots were allegedly resold to other buyers despite the earlier transactions.
