EFCC Re-Arraigns Employee and Four Family Members Over Alleged Diversion of N242.4m in Company Goods — Employee Accused of Sharing Proceeds with Family
Five members of the Obiakor family were re-arraigned before the Lagos State Special Offences Court in Ikeja on charges of allegedly stealing over N242 million from two Nigerian companies — Just Kings Nigeria Limited and Real Kings Nigeria Limited.
The Economic and Financial Crimes Commission (EFCC) brought Chisom Obiakor, along with her relatives Daniel Obiakor, Anthony Obiakor, Precious Nwokemodo, and Ifeanyi Nwokemodo, before Justice Mojisola Dada on a seven-count charge of conspiracy and stealing.
According to the EFCC, the alleged offences took place between January 1, 2021, and September 1, 2022. Prosecuting counsel Anita Imo told the court that Chisom, an employee of the affected companies, diverted goods worth N242.391 million and funneled the proceeds to members of her family.
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Breakdowns of the alleged disbursements include:
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Daniel Obiakor (father) – N10 million
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Anthony Obiakor (brother) – N10 million
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Precious Nwokemodo (sister) – N24.5 million
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Ifeanyi Nwokemodo (brother-in-law) – N400,000
The EFCC stated the actions violate Section 328(1) of the Criminal Law of Lagos State, 2015, which also provides the applicable punishment.
All defendants pleaded not guilty. Justice Dada allowed four of them to remain on previously granted bail, but one defendant — whose name was not disclosed — was denied bail.
This trial, which originally began before Justice Rahman Oshodi, is starting afresh following its reassignment to Justice Dada.
The case was adjourned to November 3–6, 2025, for trial.
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