A Lagos State Special Offences Court in Ikeja has convicted Rahvet International Limited over the unlawful conversion of ₦21 million belonging to one Chioma Adeoye. The ruling was delivered by Justice Ismail Ijelu after the company pleaded guilty to a one-count charge filed by the Economic and Financial Crimes Commission (EFCC).
The court heard that the firm obtained the money in June 2021 under the guise of conducting a research project, persuading the complainant to transfer funds into its account. EFCC investigations later confirmed that the total sum of ₦21 million was paid and subsequently misused by the company.
During trial, an EFCC operative testified, and key documents, including the complainant’s petition and the company’s statements, were admitted as evidence. It was also disclosed that the full amount was refunded to the victim during the investigation.
Justice Ijelu found the firm guilty as charged and imposed a ₦100,000 fine, payable within 72 hours, while noting that restitution had already been completed.
#LagosCourt #EFCC #FraudCase #NigerianNews #FinancialCrime #JusticeSystem #BreakingNews
