Five members of the Obiakor family have been arraigned before a Lagos Special Offences Court sitting in Ikeja for allegedly stealing the sum of N242.391 million.
The Economic and Financial Crimes Commission (EFCC) re-arraigned the five defendants, Chisom Obiakor, Daniel Obiakor, Anthony Obiakor, Precious Nwokemodo, and Ifeanyi Nwokemodo before Justice Mojisola Dada.
The anti-graft agency alleged that the defendants stole money belonging to Just Kings and Real Kings Nigeria Limited.
According to the EFCC, the defendants committed the offence between January 1, 2021, and September 14, 2022.
They were arraigned on a seven-count charge bordering on conspiracy and stealing N242.391 million belonging to Just Kings and Real Kings Nigeria Limited.
The matter, which started afresh (de novo), was initially before Justice Rahman Oshodi before the case file was transferred to Justice Dada for re-arraignment.
The prosecution counsel, Anita Imo, alleged that Chisom Obiakor, while working for Just Kings and Real Kings Nigeria Limited, stole goods worth N242.4 million and later dissipated the proceeds to her father, Daniel Obiakor; brother, Anthony Obiakor; sister, Precious Nwokemodo; and brother-in-law, Ifeanyi Nwokemodo.
The prosecutor told the court that Chisom’s father allegedly received N10 million from the alleged stolen money, her sister, Precious, and brother, Anthony, got N24.5 million and N10 million respectively, while her brother-in-law, Ifeanyi Nwokemodo, got N400,000.
The prosecutor said their offence is contrary to Section 328(1) and punishable under Section 328(1) of the Criminal Law of Lagos State, 2015.
When the charges were read to them, all the defendants pleaded not guilty.
Following their plea, the judge granted them bail as prayed by their lawyer and ordered that the defendants stand on their previous bail granted by the court, but denied the fifth defendant bail.
Justice Dada subsequently adjourned the matter to November 3 for commencement of trial.
