Nigerien man remanded in Lagos over alleged N351.5m fraud
A Federal High Court in Lagos has ordered the remand of Isiaka Ibrahim, a Nigerien citizen, at the Ikoyi correctional centre over allegations of a N351.5m fraud. Justice Ibrahim Kala gave the order after Ibrahim pleaded not guilty to charges of conspiracy and obtaining money by false pretence. The prosecution alleged that Ibrahim defrauded two victims by promising to provide them with the CFA equivalent of their money and invest in forex trading. The court has scheduled further proceedings for a later date.
What happened
- Isiaka Ibrahim was arraigned on a three-count charge involving conspiracy and obtaining money by false pretence.
- The prosecution claimed the offences occurred between February and August 2024 at various locations in Lagos.
- Ibrahim allegedly obtained N101.5m from Kofoworola Osho and N250m from Adelabu Mutiu on August 21, 2024.
- The prosecution argued that Ibrahim is a flight risk due to his foreign nationality and lack of a fixed address.
- Justice Ibrahim Kala adjourned the case to February 9, 2026, for trial and hearing of the bail application, ordering Ibrahim's remand at Ikoyi correctional centre.
