Five members of the Obiakor family have been re-arraigned before the Lagos State Special Offences Court 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.
According to the EFCC, the alleged offences occurred between January 1, 2021, and September 1, 2022.
Prosecuting counsel, Anita Imo, told the court that Chisom Obiakor, who was employed by the affected companies, diverted goods valued at N242.4 million and funneled the proceeds to members of her family.
She alleged that Chisom’s father, Daniel Obiakor, received N10 million from the funds, while her brother, Anthony, got another N10 million. Her sister, Precious Nwokemodo, allegedly received N24.5 million, and her brother-in-law, Ifeanyi Nwokemodo, received N400,000.
The prosecution said the offences contravene Section 328(1) of the Criminal Law of Lagos State, 2015, and are punishable under the same section.
All five defendants pleaded not guilty to the charges.
Justice Dada granted four of the defendants leave to continue on their previously granted bail but denied bail to the fifth defendant, whose identity was not disclosed during proceedings.
The case, which was initially before Justice Rahman Oshodi, is starting afresh following its reassignment to Justice Dada.
The trial has been adjourned to November 3, 4, 5, and 6, 2025.
