Kill Me if You Canwill dramatise the story of the 14-year-old Manchester boy, known only as "John" when he appeared in court last summer, who created a web of lies to trick his 16-year-old friend "Mark" into stabbing him in an alleyway.
Simon Andreae, the outgoing head of science and education at C4, has ordered the 50-minute programme from indie Firefly.
The film will include interviews with the barristers on the case and with psychological experts, plus dramatised exchanges between the teenagers and fantasy sequences.
It will go into production at the end of March for delivery at the beginning of August.
The executive producer is Nick Curwin, with Lily Ashkenazi as associate producer and Srik Narayanan directing. Simon Dickson, C4 commissioning editor for education and documentaries, will oversee the project.
It will form part of the Psychostrand, which C4 will launch toward the end of the year.
A C4 spokesman said the new strand would be similar to the ongoing Bodyshockstrand, but would focus more on psychological rather than physical cases.