Justice K.A. Jose of the Lagos State High Court sitting in Tapa, Lagos, has sentenced five persons to seven years’ imprisonment each for their involvement in a N117.7m fraud involving Chi Limited.
The Economic and Financial Crimes Commission disclosed this in a statement posted on X on Friday.
The convicts are Yinka Salawu, Joshua Oluremi Daramola, Raji Ahmed, Afolabi Israel Olusegun and Muraina Olanrewaju Abdullahi.
They were prosecuted by the Lagos Zonal Directorate 1 of the EFCC on a six-count charge bordering on conspiracy to obtain money by false pretence, obtaining money by false pretence and forgery.
One of the counts alleged that the defendants obtained N81,359,922 from Chi Limited in 2009 under the false pretence that the money was payment for goods and services supplied to the company.
