A Lagos State Special Offences Court sitting in Ikeja has convicted Rahvet International Limited for unlawfully converting ₦21 million belonging to a woman identified as Chioma Adeoye. Justice Ismail Ijelu delivered the judgment after the company pleaded guilty to a one-count charge filed by the Economic and Financial Crimes Commission (EFCC).

According to the EFCC, the offence occurred in June 2021 when the firm allegedly deceived the complainant under the guise of carrying out a research project. The company reportedly convinced her to transfer funds into its bank account, which investigations later confirmed amounted to ₦21 million.

During the trial, an EFCC operative, Leonard Ayakor, presented the facts of the case and told the court that the full amount had been refunded to the complainant while investigations were ongoing. Key documents, including the petition and statements from the defendant, were admitted as evidence by the court.

After reviewing the case and the company’s guilty plea, Justice Ijelu found Rahvet International Limited guilty as charged. The court imposed a ₦100,000 fine on the firm, payable within 72 hours, and noted that full restitution of the ₦21 million had already been made to the victim through the EFCC.