EFCC Arraigns Alleged Serial Fraudster, Titilayo Eboh Over N1.8bn Forex Fraud

Titilayo

By JUMOKE SANNI

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Ikoyi, on Wednesday March 4, 2026, arraigned an alleged serial fraudster, Titilayo Eboh , before Justice Mojisola Dada of the Special Offences Court, sitting in Ikeja, over an alleged N1, 871, 220, 000.00 (One Billion, Eight Hundred and Seventy-one Million , Two Hundred and Twenty Thousand Naira).

Eboh was arraigned alongside Chayomi Aluminum Ltd. and one Abubakar Funtua (now at large) on a three-count charge bordering on conspiracy to obtain money by false pretence, stealing and obtaining money by false pretense.

Count one of the charge reads:

“Titilayo Eboh, Chayomi Aluminium Limited and one Abubakar Funtua (at large), between 2nd December, 2020 to 25th January, 2021, at Lagos, within the jurisdiction of this Honourable Court, with the intent, to defraud conspired amongst yourselves and obtained the cumulative sum of N1, 871,220,000.00 (One Billion, Eight Hundred and Seventy One Million, Two Hundred and Twenty naira) only from Mr. Olamayowa Abdulwasiu Olabisi and Mr. Adekanmi Adedire of Himark Intertrades Limited under the false pretense that you have the United States Dollars equivalent of the said sum to exchange for them at the rate of N420 per dollar which pretense you knew to be false.”

Count two reads:

“Titilayo Eboh and Chayomi Aluminium Limited, between 2nd December, 2020 to 25th January, 2021 at Lagos, within the jurisdiction of this Honourable Court, with the intent to defraud, obtained the cumulative sum of N1, 871,220,000.00 (One Billion, Eight Hundred and Seventy One Million, Two Hundred and Twenty naira) only from Mr. Olamayowa Abdulwasiu Olabisi and Mr. Adekanmi Adedire of Himark Intertrades Limited under the false pretense that you have the United States Dollars equivalent of the said sum to exchange for them at the rate of N420 per dollar which pretense you knew to be false.”