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Ikeja High Court: Two fraudsters forfeit 3 duplexes, N200m, cars to FG

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A High Court sitting in Ikeja, Lagos State, has ordered the forfeiture of three duplexes, N200 million and several cars of two fraudsters to the federal government.

The convicted duo, Tobilola Ibrahim Bakare and Alimi Seun Sikiru, were arraigned in the court by the Economic and Financial Crimes Commission (EFCC) on amended charges of conspiracy and retaining stolen properties, offences contrary to sections 411 and 328, Criminal Laws of Lagos State. Both convicts pleaded guilty to the charges.

Delivering judgment, Justice Taiwo noted that the action of the defendants was “responsible for giving Nigeria a bad image globally, whereby the average Nigerian is looked upon as untrustworthy and fraudulent”.

She convicted and sentenced Bakare to three years imprisonment with the option of N3 million fine.

The judge also convicted and sentenced Sikiru, to three years imprisonment with an option of N1 million fine.

Justice Taiwo held that the five-bedroom duplex situated at Ibrahim Eleto Street, Osopa London, Lekki, Lagos; four bedroom semi-detached duplex situated at Ologolo, Jakande, Lekki, Lagos; and another four bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron Alternative Road, Lekki, Lagos recovered from the first defendant be forfeited to the federal government.

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The judge further held that the sums of N196,741,216.82 recovered from the second defendant’s company, Alvine International Resources Ventures account domiciled in Sterling Bank and N7,054,852.01 recovered from the second defendant’s account domiciled in Polaris Bank be forfeited to the federal government.

Two vehicles, a Mercedes Benz E500 and a Toyota Hilux 2020 recovered from the first defendant were also ordered forfeited to the federal government

The two vehicles are valued at N30 million while the three duplexes are valued at N230 million.

The agency’s Head, Media and Publicity, in a statement said the fraudsters gave up the assets as they could not give satisfactory explanation of the funds and properties linked to them.

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He said they admitted their involvement in cybercrime. Bakare, 27, an indigene of Ijebu Ode, Ogun State, admitted his speciality is business email compromise, and that he had hacked into different companies outside the shores of Nigeria.

He said the scammers had been successful in their ignoble trade, earning a cumulative sum of $1 million USD from victims including three foreign airlines through business email compromise fraud. They laundered the proceeds of crime by acquiring properties including real estate and luxury vehicles.

“Trouble began for them in September 2020, when operatives of the commission, in the course of investigating a case of suspicious transactions and money laundering involving one Kehinde Adelakun, a convicted internet fraudster, stumbled on evidence linking Alvine International Resources Ventures, owned by the second defendant, Sikiru.

“The transaction that set off the alarm bell was an inflow of N5 million in two tranches from Alvine International Resources Ventures.

“Further probing by the investigators, revealed several inflows suspected to be proceeds of unlawful activities in both the Sterling Bank and Polaris accounts of the second defendant.

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“The balance in both accounts – N196, 741,216.82 in Sterling Bank and N7, 054,852.01 in Polaris Bank – were swiftly placed on a Post No Debit, to forestall dissipation of the funds pending the conclusion of investigation and determination of the case,” he added.

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Crime

Senator Peter Nwaoboshi jails for 7 years over money laundering charges

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Naija News

A sitting senator, Peter Nwaoboshi, currently representing Delta North Senatorial District at the National Assembly, has been sentenced to 7 years imprisonment for money laundering by the Lagos division of the Court of Appeal.

The court which delivered the judgement on July 1, 2022, also ordered that his 2 companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, be wound up in line with the provisions of Section 22 of the Money Laundering Prohibition Act 2021.

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The ruling by the Appellate Court followed the success of the appeal by challenging the judgment of Justice Chukwujekwu Aneke of the Federal High Court which on June 18, 2021, 2018 discharged and acquitted the defendants of a 2 count charge of fraud and money laundering.

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This disclosure is contained in a series of tweet posts by the Economic and Financial Crime Commission (EFCC) on its official Twitter account.

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Crime

See video as three men sentence to death by hanging for killing Fasoranti’s daughter in Ondo

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A High Court sitting in Akure, Ondo State on Friday, June 10, sentenced three men to death by hanging for the murder of Mrs Funke Olakunrin, the daughter of Afenifere leader, Chief Reuben Fasoranti.

On July 12, 2019, while returning to Lagos from a visit to her father in Akure, Mrs Olakunrin was shot and killed by the convicts along the Ore/Ijebu Ode expressway.

Justice Williams Olamide found Mohammed Shehu Usman, Osagie Lawal, and Adamu Adamu guilty of conspiracy to murder, kidnapping, and armed robbery.

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The court discharged and acquitted the fourth suspect, Auwalu Abubakar, 25, who was charged with assisting and abetting the act.

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Crime

Why Rihanna’s Boyfriend, A$ap Rocky Is Arrested?

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Asap Rocky arrest

A$AP Rocky, an American rapper has been arrested in connection with a shooting that occurred in November.

The star was caught at Los Angeles International Airport on Wednesday while returning from a trip with his girlfriend, Rihanna.

LA Police are looking into the singer whose real name is, Rakim Mayers for his suspected participation in a non-fatal gunshot in Hollywood last year.

Connectley Naija News reports that he was released on $550,000 (£421,000) bail shortly after his arrest.

  Salau Abdulmalik Femi arrested for allegedly hacking into the server of a Nigerian bank and moving N1.87 billion

According to the Los Angeles Police Department, the arrest was made in connection with an “argument between two acquaintances” that resulted in bullets being fired.

The victim later informed authorities that Mayers approached him on the street with a firearm while walking with two other people.

According to police reports acquired by NBC News, they claimed Mayers shot him three to four times and that one of the rounds grazed his left hand.

  Nigeria excludes from countries grant debt relief

The victim suffered a ” small injury, ” according to the LAPD, following which his assailants ” fled on foot. “

Alan Jackson, Mayers’ lawyer, confirmed that his client had been arrested but declined to speak further.

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