UPDATED: N12m Theft: Ex-Convict Bags Three Years Imprisonment in Lagos Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, March 24, 2026, convicted and sentenced an ex-convict, Oluokun Gabriel Adekola, to three years’ imprisonment for theft involving N12 million. Adekola was arraigned on March 16, 2026, by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, on a one-count amended charge bordering on stealing. The charge stated that the defendant, alongside others still at large, in 2025 in Lagos, collaborated to conceal and disguise the origin of N12,000,000 paid into his account. The funds were allegedly part of a larger sum of N3,091,441,849 fraudulently obtained from accounts domiciled with First City Monument Bank (FCMB) through unauthorized access and mobile banking fraud. The money was said to have been withdrawn and converted to cash through Point of Sale (POS) agents. Upon arraignment, Ad...