RismadarVoice Reporters, March 6, 2026
The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, Ikoyi, has arraigned an alleged serial fraudster, Titilayo Eboh, before the Special Offences Court sitting in Ikeja, Lagos, over an alleged N1.87 billion foreign exchange fraud.
Eboh was arraigned on Wednesday, March 4, 2026, before Justice Mojisola Dada alongside Chayomi Aluminium Limited and Abubakar Funtua, who is currently at large.
They are facing a three-count charge bordering on conspiracy to obtain money by false pretence, obtaining money by false pretence, and stealing.
According to the EFCC, the defendants allegedly conspired between December 2, 2020, and January 25, 2021, to fraudulently obtain the sum of N1,871,220,000 from Mr. Olamayowa Abdulwasiu Olabisi and Mr. Adekanmi Adedire of Himark Intertrades Limited.
The prosecution alleged that the defendants falsely claimed they had the United States dollar equivalent of the money which they would exchange for the victims at the rate of N420 per dollar, a representation they allegedly knew to be false.
When the charges were read to her, Eboh pleaded not guilty.
Following her plea, prosecution counsel, Nnaemeka Omenwa, asked the court to fix a date for trial and also requested that the defendant be remanded in appropriate custody pending the commencement of trial.
Omenwa also informed the court that the defence had sent a bail application from a related case involving the defendant before Justice Rahman Oshodi, but he required clarification before filing a response.
Responding, defence counsel, Emefo Etudo, told the court that he was not involved in the matter before Justice Oshodi and requested time to submit a hard copy of the defendant’s bail application.
He also urged the court to grant multiple trial dates, while requesting that the bail application be given an earlier hearing date in line with discussions with the prosecution.
Justice Mojisola Dada subsequently adjourned the hearing of the bail application to March 24, 2026, and fixed May 4, 2026, for the commencement of trial.
