EFCC Arraigns Woman Over N2b Investment Scam

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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 through your bank account No.

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 through your bank account No.

 

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