EFCC arraigns Titilayo Eboh and two others over an alleged N247.5m fraud in Lagos, facing charges of conspiracy, fraud and money laundering
The Economic and Financial Crimes Commission Lagos Zonal Directorate 2 on Friday, January 30, 2026, arraigned Titilayo Funmilayo Eboh, described by investigators as a serial fraudster, alongside Uchenna Ejindu and Salami Eneojo Stephen before Justice Ramon Oshodi of the Lagos State High Court sitting in Ikeja, Lagos, over an alleged N247.5 million fraud.
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The prosecution told the court that the defendants were docked on an amended four count charge bordering on obtaining under false pretence, conspiracy, money laundering and stealing.
The EFCC alleged that the offences were committed within the jurisdiction of the court and involved the unlawful acquisition of funds amounting to N247,500,000.
According to the charge, the defendants allegedly conspired to defraud unsuspecting victims by making false representations, which led to the transfer of large sums of money into accounts linked to the accused persons.
The commission said the transactions were structured to disguise the origin of the funds, raising red flags that prompted investigation.
All three defendants pleaded not guilty to the charges when they were read in open court. Following the pleas, prosecution counsel asked the court for a trial date and requested that the defendants be remanded in a correctional facility pending the determination of their bail applications.
Defence counsel, however, urged the court to grant the defendants bail on liberal terms, arguing that the charges were bailable and that the accused persons would be available to stand trial.
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Justice Ramon Oshodi adjourned the matter to a later date for the hearing of bail applications and commencement of trial, while ordering that the defendants be remanded in custody.
Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.
