The Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned Titilayo O. Eboh and three companies over N2bn Fraud.
According to a statement issued by EFCC on Thursday, Eboh was arraigned before Justice S.U Bature of the FCT High Court, Maitama Abuja on a three count charge bordering on obtaining under false pretense, foreign exchange malpractices and money laundering to the tune.
The money was received from various organizations as forex investment but allegedly diverted by the defendant.
She was arraigned alongside her companies, Chayomi Aluminum Ltd, Chayomi Petroleum Ltd and Chayomi Multi Services Limited.
Count one of the charge reads, “that you, TITILAYO O. EBOH and CHAYOMI ALLUMINIUM LIMITED, sometime between February- November 2018 in Abuja- FCT, within the Jurisdiction of this Honourable Court with intent to defraud, did obtain monies, the total sum of N2,245,095,000 (Two Billion, Two Hundred and Forty Five Million, Ninety Five Thousand Naira Only) through your bank account No.5015441023 domiciled with First City Monument Bank (FCMB) PLC from One Sought-After Int’l Synergy Limited under the false pretense that the said sum was for investment in the United States Dollar foreign exchange (FOREX) for profit in favour of the said Sought-After Int`l Synergy Limited, which you knew to be false thereby committed an offence contrary to Section 1 (1) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offence(s) Act, No.14, 2006”
Count two reads, “That you, TITILAYO O. EBOH and CHAYOMI PETROLEUM LIMITED, sometime between June-July, 2018 in Abuja- FCT within the Jurisdiction of this Honourable Court with intent to defraud, did obtain monies, the total sum of N300,000,000 (Three Hundred Million Naira Only) through your bank account No. 1015690712 domiciled with Zenith Bank Plc from one Sought-After Int`l Synergy Limited under the false pretense that the said sum were for investment in the United States Dollar foreign exchange (FOREX) for profit in favour of the said Sought-After Int`l Synergy Limited which you knew to be false and thereby committed an offence contrary to Section 1(1)(a) and punishable under section 1 (3) of the Advance Fee Fraud and Other Fraud Related Offences Act, No. 14, 2006”
The defendant pleaded not guilty to all the charges.
In view of her plea, the prosecution counsel, Alilu Abubakar asked for a date for trial to commence, while praying the court to remand the defendant in the EFCC custody to enable close monitoring as she has a history of changing addresses or absconding.
However the defence counsel, Garba Zekeri prayed the court to grant his client bail citing the defendant`s state of health.
Justice Bature adjourned the matter till November 6 and 7, 2023.
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