Lagos Court Remands Couple and Six Others for N710M Fraud
Justice Ambrose Lewis-Allagoa of the Federal High Court in Lagos has remanded Obinyan Osenonome and his wife, Esther Osenonome, along with six others in the Ikoyi Correctional Centre due to an alleged N710 million financial fraud. The defendants, including Elvis Eghile, Egharevba Osarieyekemwen, Precious Irbhogbe, Aghatise Uhumenkpoewan, Nweke Emmanuel, and Egharevba Osagioduwa, were arraigned on a 12-count amended charge by the Police Special Fraud Unit (PSFU).
The charges include conspiracy, fraudulent conversion of funds, and concealment of the source of funds, with the alleged offences occurring on or about June 16, 2026. The prosecution, led by Chief Superintendent of Police Momoh Yakubu, claims the defendants conspired to fraudulently convert funds belonging to ETF Nigeria Ltd/Grey Star Capital.
All eight defendants pleaded not guilty, and the court has been urged to set a trial date while they remain in custody.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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