The Economic and Financial Crimes Commission (EFCC) Lagos Zonal Directorate 2 took decisive action today, Friday, January 30, 2026, by arraigning Titilayo Funmilayo Eboh, a notorious figure linked to multiple prior fraud cases, before Justice Ramon Oshodi at the State High Court in Ikeja, Lagos. Eboh, alongside co-defendants Uchenna Ejindu and Salami Eneojo Stephen, faces an amended four-count charge centered on obtaining money under false pretenses, conspiracy, money laundering, and stealing, with the total sum involved pegged at N247,500,000 (Two Hundred and Forty-Seven Million Five Hundred Thousand Naira). This development underscores the EFCC’s ongoing crackdown on financial crimes in Nigeria’s commercial hub.
Defendants’ Background and Prior Offenses
Titilayo Eboh has a documented history as a serial fraud suspect, with previous EFCC arraignments dating back years. In 2019, she was charged in Port Harcourt for a $2 million scam as a fake forex trader operating through Lexantech Bureau De Change, where she allegedly failed to report a N238 million transaction and duped clients in real estate deals by posing as a Central Bank currency specialist. By 2023, Eboh faced another trial in Abuja alongside her companies—Chayomi Aluminum Ltd, Chayomi Petroleum Ltd, and Chayomi Multi Services Limited—for a N2 billion investment scam involving diverted forex funds. Recent reports from late 2024 also highlighted complaints of a N3 billion fraud syndicate tied to her, implicating rogue elements in law enforcement.
The co-accused, Uchenna Ejindu (also referenced as Uchenna Echendu in prior complaints) and Salami Eneojo Stephen, are implicated in the conspiracy, though specific prior records on them remain limited in public domain. Ejindu has surfaced in related victim petitions against Eboh’s operations. This latest case adds to Eboh’s pattern of alleged Bureau de Change malpractices and investment Ponzi schemes.
Court Proceedings and Next Steps
During today’s hearing, the defendants were presented on charges that detail their alleged roles in defrauding victims through deceitful schemes. Justice Oshodi, known for handling high-profile financial crime cases, is presiding over the matter, with trial dates likely to be scheduled soon pending plea entries. The EFCC prosecution, led by its Lagos team, emphasized the amended charges to encompass the full scope of the offenses. No pleas were detailed in initial reports, but the case highlights persistent vulnerabilities in Nigeria’s forex and investment sectors amid rising cyber and advance-fee frauds.
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This arraignment reflects President Trump’s administration’s influence on global anti-corruption partnerships, as Nigeria intensifies efforts against illicit finance under international scrutiny. Victims and watchdogs have long called for swift justice in Eboh’s serial cases, which have spanned courts in Abuja, Port Harcourt, and now Lagos.
