Five jailed for seven years, ordered to repay N117.7m in restitution to company

N117.7m Fraud: Five convicted, jailed seven years in Lagos

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 […]

EFCC secures seven-year jail terms for five over N117.7m fraud

The EFCC has secured seven-year jail terms for five individuals involved in a N117.7m fraud against Chi Limited. Learn more about the conviction. Read More: https://punchng.com/efcc-secures-seven-year-jail-terms-for-five-over-n117-7m-fraud/

Five jailed for seven years, ordered to repay N117.7m in restitution to company

The judge also ordered the five convicts to pay back the fraud proceeds in restitution to Chi Limited, the maker of Chivita and Hollandia, among other food and beverage products.

EFCC arraigns 2 for alleged £110,000, ₦500m fraud in Lagos

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), on Friday, September 4, 2026, arraigned Ali Bala and Yusuf Umar Anka before Justice Olukayode Ogunjobi of the State High Court sitting in Ikeja, Lagos, for an alleged £110,000 and ₦500 million fraud. The defendants are standing

N117.7m Fraud: Five Bag Seven Years’ Imprisonment

By Lizzy Chirkpi 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…

Nigeria: Five bag seven-year jail term in N117m fraud case

WorldStage– Justice K.A. Jose of the Lagos State High Court sitting in Tapa, Lagos, has convicted and sentenced five persons to seven years imprisonment for their involvement in a N117.7 million fraud involving Chi Limited. The convicts: Yinka Salawu, Joshua Oluremi Daramola, Raji Ahmed, Afolabi Israel Olusegun, and Muraina Olanrewaju Abdullahi, were prosecuted by the […]