Five Convicted in Chi Limited Fraud | Nigeria News

Five fraudsters behind a $117 million scam against Chi Limited just got seven years each in prison — and they’re not done paying. Convicted by Justice K.A. Jose at Lagos High Court, the defendants tricked the company in 2009 with forged docs and false claims, stealing over $81 million. The EFCC nailed them with 17 witnesses and mountains of evidence. While some walked free, these five faced full charges — conspiracy, false pretense — and now must repay every kobo to their victims. Time already served will be deducted, but justice isn’t just jail time — it’s restitution. This case proves: financial crime doesn’t pay — it gets you locked up and broke. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/951c3a5931727d65