Court Jails Man for N12m Theft in Lagos
A Lagos court has sentenced a man to prison after finding him guilty of a multi-million naira theft linked to banking fraud. The case, which also revealed a prior conviction, highlights ongoing concerns around financial crimes and repeat offenders in Nigeria’s banking system. Here is what has been confirmed about the Lagos theft case N12 million. The Special Offences Court in Ikeja, Lagos, has convicted Oluokun Gabriel Adekola for theft involving N12 million. Justice Rahman Oshodi delivered the judgment on Tuesday after the defendant pleaded guilty to a one-count amended charge filed by the Economic and Financial Crimes Commission. The Lagos theft case N12 million stems from transactions traced to the defendant’s account in 2025. According to the prosecution, Adekola worked with accomplices who are still at large to conceal the origin of the funds. The N12 million was said to be part of a larger sum exceeding N3 billion reportedly obtained through: • Mobile banking fraud • Unauthorized...
