N2.7bn Cyber Fraud: Ex-Banker Sentenced to 39 Years in Lagos

​ A former banker, Christopher Jackson Edeh, has been sentenced to a cumulative 39 years’ imprisonment by Justice O.O. Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, for his role in a N2.7 billion fraud.
​The verdict, delivered on Tuesday, October 27, 2026, concludes a case prosecuted by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC).
​Edeh was first arraigned on February 28, 2024, on nine counts involving fraudulent false accounting and unauthorized computer system tampering.
​Targeted Government and Corporate Accounts
​According to court filings and evidence presented by the prosecution, Edeh maliciously modified customer account records to divert funds. The targeted institutional and government accounts included: ​Kano State Government Power Intervention Fund, ​Lagos State Government Blue Line
​NNPC Trading Limited
​State Contributory Pension Account
​Chukwuemeka Odumegwu Ojukwu University; ​Stallion Vision Ltd
​Lead prosecuting counsel Z.B. Atiku called three witnesses and submitted extensive documentary evidence to establish Edeh’s culpability. The defense called one witness.
​Judicial Verdict
​Delivering judgment, Justice Abike-Fadipe held that the EFCC proved its charges beyond reasonable doubt across all counts.
​The court imposed the following terms: ​Counts 1–7 (Fraudulent False Accounting): 5 years’ imprisonment on each count, without an option of fine.
​Counts 8–9 (Unauthorized Computer Access): 2 years’ imprisonment on each count, without an option of fine.
​Justice Abike-Fadipe ordered all sentences to run concurrently, effectively committing Edeh to serve five years in prison.