Five persons have been convicted and sentenced to seven years’ imprisonment each for their involvement in a N117.7 million fraud case involving Chi Limited.
Justice K.A. Jose of the Lagos State High Court sitting in Tapa, Lagos, handed down the sentences on Thursday, September 3, 2026, following their prosecution by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC).
The convicts are Yinka Salawu, Joshua Oluremi Daramola, Raji Ahmed, Afolabi Israel Olusegun and Muraina Olanrewaju Abdullahi.
They were prosecuted 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, sometime in 2009 in Lagos, obtained N81,359,922 from Chi Limited under the false pretence that the money represented payment for goods and services supplied to the company.
