How a $190,324 Lagos Property Deal Led to Fraud Charges
Subtitle: A Sierra Leonean businessman has appeared before a Lagos court over allegations involving money sent by a US-based woman for a property investment.
A property investment in Lagos has become the subject of a $190,324 fraud case after the Economic and Financial Crimes Commission (EFCC) arraigned a Sierra Leonean, Favour Foday Kamara.
Kamara appeared before Justice O. A. Okunuga of the Lagos State High Court in Ikeja on October 20, 2026.
He faces two charges involving alleged stealing and fraudulent conversion of funds belonging to Henrietta Vandi, a 70-year-old Sierra Leonean living in the United States.
How Did the Property Transaction Begin?
According to the EFCC, Vandi met Kamara during a visit to the Synagogue Church of All Nations between 2019 and 2020.
Investigators said Kamara subsequently encouraged her to invest in Nigerian real estate.
Vandi allegedly transferred money through Ria, Western Union, MoneyGram and bank transfers to support the purchase and renovation of a property in the Alimosho area of Lagos.
The EFCC alleged that the property was eventually registered in Kamara’s name instead of the investor’s.
Investigators also alleged that he occupied the building and collected rental income from tenants.
What Are the Fraud Allegations?
The EFCC accused Kamara of dishonestly converting $190,324 belonging to Vandi between August 2021 and February 2025.
The prosecution brought charges under Sections 278(1)(b) and 285(9) of the Criminal Law of Lagos State, 2011.
Kamara pleaded not guilty when the charges were read to him.
Following his plea, prosecution counsel Nnaemeka Omewa requested a trial date and asked the court to remand the defendant.
What Happens Next?
Justice Okunuga ordered Kamara’s remand at the Ikoyi Correctional Centre and adjourned the matter until October 29, 2026.
The court has not determined whether the defendant committed the alleged offences.
The case draws attention to the risks associated with property transactions conducted through third parties, particularly when an investor lives outside Nigeria.
Property buyers can reduce such risks by independently verifying ownership documents, identifying the legal seller and ensuring that payment arrangements are properly documented.
The allegations against Kamara remain subject to the ongoing judicial process.
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