EFCC Arraigns Forex Trader, Titilayo Eboh Over N2bn Investment Scam

Ayuba Sanusi

THE Economic and Financial Crimes Commission (EFCC) yesterday (Thursday, 25 May 2023) arraigned Titilayo O. Eboh and three companies before Justice S.U Bature of an FCT High Court, Maitama Abuja on a three-count charge bordering on obtaining under pretence, foreign exchange malpractices and money laundering to the tune of Two Billion, Two Hundred and Forty-Five Million, Ninety-Five Thousand Naira (N2.245.095.000 000) only.

The money was received from various organisations 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. The defendant pleaded not guilty to all the charges.

In view of her plea, the prosecution counsel, Alilu Abubakar, asked for a date for trial to commence, while praying the court to remand the defendant in EFCC custody to enable close monitoring as she has a history of changing addresses and absconding.

However, the defence counsel, Garba Zekeri, prayed the court to grant his client bail citing the defendant’s state of health.

Justice Bature adjourned the matter till 6th and 7th November 2023.