In Lagos, EFCC Docks Man For N164.9m Fraud, Arraigns another Man for €3.8million Fraud

Fidelis Umukoro

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, on Tuesday, February 11, 2020, arraigned one Fidelis Umukoro alongside his company, Raremax Global Investments Limited. They were arraigned before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on a five-count charge bordering on stealing to the tune of N164, 960,829 (One Hundred and Sixty-four Million, Nine Hundred and Sixty Thousand, Eight Hundred and Twenty-nine Naira).

Umukoro and Raremax Global Investments Limited, sometime in the month of March 2018, in Lagos, within the Ikeja judicial division, stole the sum of N164, 960, 829 (One Hundred and Sixty-four Million, Nine Hundred and Sixty Thousand, Eight Hundred and Twenty-nine Naira), being property of A & P Foods Limited, thereby committed an offence contrary to Section 411of the Criminal Law of Lagos State 2015.

Yushua Mohammed Ahmed

The Commission also on Tuesday, arraigned one Yushua Mohammed Ahmed before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on a four-count charge bordering on stealing to the tune of €3,808,870.00 (Three Million, Eight Hundred and Eight Thousand, Eight Hundred and Seventy Euro).
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Among other charges, Ahmed is alleged to have, between 29th September, 2010 and 26th October, 2010, in Lagos, converted to his own use, the sum of €458,425.00 (Four Hundred and Fifty-eight Thousand, Four Hundred and Twenty -five Euros) belonging to the Federal Republic of Nigeria. The offence is contrary to Section 280 of the Criminal Law of Lagos State of Nigeria 2015.