Fraudsters defraud estate agent of N4m

Three suspected Internet fraudsters have been arrested by the Lagos State Police Command for allegedly defrauding an estate agent of about N4m.

The suspects– Olisa Oyegbuka, 28; Ifeannacho Kingsley, 27; and Ujumwa Aniemena, 33–had allegedly hacked into the email of an unnamed client of the estate agent.

EFCC grills former governor Godswill Akpabio

Operatives of the Economic and Financial Crimes Commission, yesterday, grilled former Governor Godswill Akpabio for over seven hours, and confronted him with evidence of alleged financial impropriety while he held sway in Akwa Ibom State.
The interrogation of Akpabio by the agency, it was learnt, made it possible for him to come face-to- face with what was described as major financial transactions,

N8BN Fraud: CBN staff own posh cars, petrol stations

 

The court trial of some Ibadan based bankers indicted over the theft of N8 billion worth of mutilated banknotes was yesterday told of the stupendous wealth of the suspects.

The suspects, including a self-acclaimed illiterate bank staff were alleged to have acquired petrol stations, shopping malls in Nigeria and abroad, exotic cars, supermarkets, among others.

Lucky Igbinedion’s brother jailed for fraud

                                                                             Lucky Igbinedion

 Former Governor of Edo State Lucky Igbinedion's, younger Brother, Michael was on Thursday sentenced  to a six-year jail term for N25bn money laundering offences by a Federal High Court in Benin, Edo State. An aide of the ex-governor, Patrick Eboigbodin, was also convicted for 20 years for the  same offences.

The governor’s brother was given an option of N3m fine for three counts on which he was found guilty to avoid going to jail.

However, the ex-governor's aid, Eboigbodin  was not given an option of fine.

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The two convicts and four companies were arraigned by the Economic and Financial Crimes Commission on an 81-count charge of money laundering during the tenure of Lucky Igbinedion as governor. The four companies are  Romrig Nigeria Limited, PML Securities Company Limited, Gava Corporation Limited, and PML Nigeria Limited.

The judge also ordered that the assets of PML Limited be forfeited to the Federal Government and  also pay a fine of N250,000.