Two men nab for by EFCC for multi Million naira fraud in lagos

The Lagos Zonal workplace of the Financial and Monetary Crimes Fee, EFCC, on June 3, 2021, arrested one Emmanuel Obiyan for allegedly acquiring cash by false pretence and diversion of fund to the tune of N77, 773, 700 (Seventy-seven Million, Seven Hundred and Seventy-Three Thousand, Seven Hundred Naira).

 

Learn the assertion by EFCC under…

 

The complainants, Stephen Chinemelum and Emeka Chinemelum, alleged that their father, the late Daniel Chinemelum, someday in July 2015, entered right into a partnership settlement and in addition signed a memorandum of understanding (MoU) with Obiyan for the formation of Fedan Courtyard Residence Companies Restricted, an actual property firm.

 

In keeping with the complainants, the late Chinemelum, who was the Principal Companion, allegedly paid the sum of N52, 000, 000. 00 (Fifty- two Million Naira) into the suspect’s Zenith Checking account quantity 1011861572 as an fairness contribution to the enterprise.

 

The complainants additional alleged that the suspect, nevertheless, didn’t render an account of the enterprise on the expiration of the five-year length of the settlement.

 

 

Efforts by the complainants to retrieve the cash proved abortive, thereby necessitating the grievance to the Fee.

 

In a associated improvement, the Lagos Zonal Workplace of the EFCC has additionally arrested one Rasaki Wasiu Adeyiga for an alleged fraud to the tune of N24, 260,000 .00( Twenty-four Million, Two-hundred and Sixty Thousand Naira).

 

Adeyiga allegedly offered himself to the complainant, Ahmed Garba Shinkafi, as a businessman dealing in importation of vehicles from the USA of America and Europe.

 

The complainant alleged that he paid the sum of N25m, for the acquisition of a Lexus SUV, into the suspect’s account quantity 0136968208 domiciled in Warranty Belief Financial institution Plc.

 

Investigation revealed that the suspect, nevertheless, reneged on his promise and diverted the cash to his private use.

 

The suspects shall be charged to court docket as quickly as investigations are concluded.