Justice Ismail Ijelu of the Ikeja-based court delivered the verdict following the firm’s guilty plea to an amended one-count charge of stealing, brought against it by the Economic and Financial Crimes Commission (EFCC).
The charge, filed under Section 285 (1) of the Criminal Law of Lagos State, 2011, alleged that Rahvet International Limited fraudulently converted N21 million belonging to Adeoye in June 2021 within the Ikeja Judicial Division.
During proceedings, EFCC prosecuting counsel, Anita Imo, called operatives to outline the facts of the case. An EFCC investigator, Leonard Ayakor, explained that the company had approached the complainant under the pretext of conducting research and persuaded her to transfer the money into the firm’s bank account.
He told the court that subsequent investigations confirmed that N21 million had indeed been paid into the company’s account, and that the entire sum was later refunded to the complainant during the investigative process.
The EFCC also presented the complainant’s petition and the company’s statement, which were admitted into evidence by the court.
After considering the facts and the company’s plea, Justice Ijelu convicted Rahvet International Limited and sentenced it to pay a fine of N100,000 within 72 hours.
The judge further noted that the full amount of N21 million had been refunded to the complainant through the EFCC, concluding the matter.