EFCC Arraigns Titilayo Eboh For N2bn Investment Scam
Titilayo Eboh and her companies, Chayomi Aluminum Ltd, Chayomi Petroleum Ltd and Chayomi Multi Services Limited, were on Thursday 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 of Two Billion, Two Hundred and Forty-Five Million, Ninety-Five Thousand Naira Only (N2,245,095,000,000).
According to the Economic and Financial Crimes Commission (EFCC), the money was received from various organizations as forex investments but allegedly diverted by the defendant.
The defendant pleaded not guilty to all the charges.
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 on the ground of her state of health.
Justice Bature adjourned the case till November 6 and 7, 2023.
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