A Federal High Court in Lagos has sentenced Joseph Ifeanyichukwu, a Canada-based Nigerian, for his involvement in a ₦360 million fraud case. The conviction follows his role in defrauding Brade Consulting Limited in a failed $1.7 million foreign exchange deal dating back to 2016.
According to court proceedings, Ifeanyichukwu fraudulently obtained the funds under pretenses and later issued bounced cheques as repayment. He was arraigned on multiple counts, including conspiracy, obtaining money by false pretence, and fraudulent conversion.
Justice Daniel Osiagor ordered his remand following a not-guilty plea, and he will remain in custody pending further trial developments. The case highlights ongoing efforts to curb high-level financial crimes in Nigeria.
