The Economic The defendant pleaded not guilty. Justice Bogoro granted bail on the same terms earlier given by Justice C.J Aneke on July 8, 2025. Trial has been adjourned to February 11, 2027.
MEGA AWARENESS findings show S Mobile Netzone was among 58 companies EFCC flagged in March 2025 for operating unregistered investment schemes.
and Financial Crimes Commission, Lagos Zonal Directorate 1, has arraigned businessman *Adonu Kingsley Ifeanyi and his company *S Mobile Netzone Limited over an alleged N12.5 billion fraud.They were arraigned on Monday, November 2, before *Justice J. Bogoro* of the Federal High Court, Ikoyi, Lagos on a five-count charge bordering on obtaining by false pretence and money laundering under the Money Laundering Act, 2011.According to the EFCC, the defendants allegedly laundered *N1.24 billion* between June 4, 2021 – October 31, 2022 and *N6.79 billion* between January 15, 2020 – April 14, 2022 through the company account, being proceeds of unlawful activity. Total sum involved is *N12,556,837,842*.
The defendant pleaded not guilty. Justice Bogoro granted bail on the same terms earlier given by Justice C.J Aneke on July 8, 2025. Trial has been adjourned to *February 11, 2027*.
MEGA AWARENESS findings show S Mobile Netzone was among 58 companies EFCC flagged in March 2025 for operating unregistered investment schemes.