Justice Ismail Ijelu of the Lagos State High Court sitting in Ikeja, on Wednesday, January 28, 2026, convicted a company, Rahvet International Limited, for ₦21 million fraud.
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) arraigned Rahvet International Limited on January 28, 2026, on an amended one-count charge bordering on stealing, contrary to Section 285(1) of the Criminal Law of Lagos State, 2011.
The charge reads: “That you, Rahvet International Limited, sometime in June 2021, at Lagos, within the Ikeja Judicial Division of this Honourable Court, fraudulently converted to your own use the sum of ₦21,000,000, property of Chioma Adeoye.”
The defendant pleaded guilty to the charge.
Following the plea, prosecution counsel, Anita Imo, called Leonard Ayakor, an investigator with the EFCC, to review the facts of the case.
In his testimony, Ayakor told the court that the defendant approached the petitioner, Chioma Adeoye, under the guise of conducting research and persuaded her to pay money into the company’s account.
“During investigation, it was discovered that a total sum of ₦21 million was paid into the company’s account,” he said.
He further informed the court that the defendant had fully refunded the complainant.
The prosecution consequently tendered copies of the petition and the defendant’s statements, which were admitted in evidence by the court.
Delivering judgment, Justice Ijelu found the company guilty as charged and convicted it accordingly.
The court also ordered the company to pay a fine of ₦100,000 within 72 hours.
