N117.7m Fraud: Five convicted, jailed seven years in Lagos
One of the counts alleged that the defendants, sometime in 2009 in Lagos, obtained N81,359,922 from Chi Limited under the false pretence that the money represented payment for goods and services supplied to the company.
Owede, urged the court to invoke Section 11 of the Advance Fee Fraud and Other Fraud Related Offences Act and order the convicts to restitute Chi Limited the sums contained in Counts Two and Three, totalling N117,755,061.
The case dates back to 2009 when the convicts were alleged to have obtained N81,359,922 from Chi Limited under the false pretence that the money was payment for goods and services supplied to the company.
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