Five members of the Obiakor family have been re-arraigned before the Lagos State Special Offences Court sitting in Ikeja for allegedly stealing N242.391 million from Just Kings and Real Kings Nigeria Limited.
The Economic and Financial Crimes Commission (EFCC) brought the defendants, Chisom Obiakor, Daniel Obiakor, Anthony Obiakor, Precious Nwokemodo, and Ifeanyi Nwokemodo, before Justice Mojisola Dada on a seven-count charge bordering on conspiracy and stealing.
Addressing the court, EFCC counsel Anita Imo told the court that Chisom Obiakor, an employee of the affected companies, diverted goods worth over N242 million between January 1, 2021, and September 1, 2022, and shared the proceeds with her relatives.
According to Imo, Chisom’s father, Daniel, and her brother, Anthony, each received N10 million. Her sister, Precious, allegedly got N24.5 million, while her brother-in-law, Ifeanyi, received N400,000.
The EFCC said the offence violates Section 328(1) of the Criminal Law of Lagos State, 2015.
But the defendants pleaded not guilty, prompting Justice Dada to grant continued bail to four of the defendants, while denying bail to the fifth, whose identity was not disclosed.
The case, initially handled by Justice Rahman Oshodi, is starting afresh due to reassignment.
Trial resumes on November 3, 4, 5, and 6, 2025.
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