Lagos Court Convicts Firm Over ₦21m Fraud
Justice Ismail Ijelu of the Lagos State High Court sitting in Ikeja has convicted Rahvet International Limited for fraud involving the sum of ₦21 million.
The conviction followed the arraignment of the company by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on Wednesday, 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.
According to the charge, Rahvet International Limited fraudulently converted ₦21 million belonging to Chioma Adeoye in June 2021 within the Ikeja judicial division of the court. The company pleaded guilty to the charge.
Prosecution counsel, Anita Imo, thereafter called an EFCC investigator, Leonard Ayakor, who reviewed the facts of the case. Ayakor told the court that the company approached the petitioner under the pretext of conducting research and persuaded her to pay money into its account.
He revealed that investigations showed a total of ₦21 million was paid into the company’s account, adding that the sum was later fully refunded to the complainant.
The prosecution tendered the petition and the defendant’s statements, which were admitted in evidence by the court.
In his judgment, Justice Ijelu found Rahvet International Limited guilty as charged and convicted it accordingly, ordering the company to pay a fine of ₦100,000 within 72 hours.
