FIVE OBIAKOR FAMILY MEMBERS ARRAIGNED FOR ALLEGED THEFT OF N242.4 MILLION IN LAGOS
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By Aishat Momoh. O.
Five members of the Obiakor family have been re-arraigned before a Lagos State Special Offences Court sitting in Ikeja over the alleged theft of N242.391 million belonging to a private company.
The Economic and Financial Crimes Commission (EFCC) brought Chisom Obiakor, Daniel Obiakor, Anthony Obiakor, Precious Nwokemodo, and Ifeanyi Nwokemodo before Justice Mojisola Dada on a seven-count charge bordering on conspiracy and stealing.
The EFCC alleged that the defendants, between January 1, 2021, and September 1, 2022, unlawfully appropriated goods and proceeds belonging to Just Kings and Real Kings Nigeria Limited. The case, which had initially commenced before Justice Rahman Oshodi, began afresh following a transfer of the case file to Justice Dada.
According to the prosecution counsel, Anita Imo, Chisom Obiakor, an employee of Just Kings and Real Kings Nigeria Limited, was the principal actor in the alleged theft. She reportedly diverted goods valued at N242.4 million and subsequently distributed portions of the proceeds to members of her family.
The EFCC claimed that Chisom transferred N10 million to her father, Daniel Obiakor; N24.5 million to her sister, Precious Nwokemodo; N10 million to her brother, Anthony Obiakor; and N400,000 to her brother-in-law, Ifeanyi Nwokemodo.
The offences, according to the EFCC, contravene Section 328(1) and are punishable under the same provision of the Criminal Law of Lagos State, 2015.
All five defendants pleaded not guilty to the charges when they were read to them in court.
Justice Dada ruled that the defendants should continue on the previously granted bail by the court, with the exception of the fifth defendant, who was denied bail. The judge subsequently adjourned the matter to November 3, 4, 5, and 6, 2025, for trial.
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