Thursday, March 23, 2023
  • Login
Auchijeff
  • Home
  • Celebrity gists
  • Biography
  • Contact Us
  • AUCHI POLYTECHNIC PAST QUESTION
  • AUCHI POST UTME PAST QUESTION
No Result
View All Result
  • Home
  • Celebrity gists
  • Biography
  • Contact Us
  • AUCHI POLYTECHNIC PAST QUESTION
  • AUCHI POST UTME PAST QUESTION
No Result
View All Result
Auchijeff
No Result
View All Result
  • Home
  • News
  • Gossip
  • Celebrity gists
  • Biography
  • BBNaija

Two Nigerian fraudsters forfeit over N200m, luxury cars and properties valued at N260m to FG

Auchi Jeff by Auchi Jeff
August 9, 2021
in News
0
Judgment day finally came for two Nigerian fraudsters, Tobilola Ibrahim Bakare and Alimi Seun Sikiru as they lost cash and properties in upscale Lekki axis of Lagos to the Federal Government following their arrest and prosecution by the Economic and Financial Crimes Commission, EFCC.
 
The forfeited assets include the sums of N196, 741, 216.82 and N7, 054, 852.01 in bank accounts; two vehicles, a Mercedes Benz E500 and a Toyota Hilux 2020.

Others are; five bedroom duplex situated at Ibrahim Eleto Street, Osapa 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.

The two vehicles are valued at N30million while the three duplexes are valued at N230million.

The fraudsters gave up the assets as they could not give satisfactory explanation of the funds and properties linked to them. They confessed to involvement in cybercrime. Bakare, 27, an indigene of Ijebu Ode, Ogun State claimed his forte is Business Email Compromise, and that he had hacked into different companies outside the shores of Nigeria.

The scammers had been successful in their ignoble trade, earning a cumulative sum of $1million USD from victims including three foreign airlines through Business Email Compromise fraud. They laundered the proceeds of crime in acquiring properties including real estate and luxury vehicles.

Their problem began 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 sets off the alarm bell was an inflow of N5million in two tranches from Alvine International Resources Ventures.

Further probing by the investigators, revealed several inflows suspected to be proceeds of unlawful activities in two accounts of the second defendant. The balance in both accounts: N196, 741,216.82  and N7, 054,852.01 , were swiftly placed on a Post No Debit, to forestall dissipation of the funds pending the conclusion of investigation and determination of the case.
 
The second defendant, in his statement to the Commission , admitted that majority of the funds found in his account were from the first defendant, Bakare, who confessed to being into Business Email Compromise, BEC, between 2009 and 2020 and also hacking into the accounts of KLM, Turkish Airlines and British Airways.

Another count reads: “Tobiloba Ibrahim Bakare and Alimi Seun Sikiru, sometime in 2020 in Lagos, within the jurisdiction of this Honourable Court , with a dishonest intent, retained four -bedroom detached duplex situated at Ologolo Jakande, Lekki, Lagos.”

They pleaded ‘guilty’ to the charges preferred against them.

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 being untrustworthy and fraudulent”. She convicted and sentenced Bakare, to three years imprisonment on counts 1, 2, 3, 4 and 5, with the option of fine of N3m (Three Million Naira).

The Judge also convicted and sentenced Sikiru, to three years imprisonment on counts 1 and 5 with an option of fine of N1 million (One Million Naira).

Previous Post

Alleged $350,000 fraud: US submits 97,000-page evidence against suspended Abiodun’s aide

Next Post

WHETHER DCP ABBA KYARI LIKES IT OR NOT, US GOVERNMENT WILL GET HIM TO FACE TRIAL – FALANA

Next Post

WHETHER DCP ABBA KYARI LIKES IT OR NOT, US GOVERNMENT WILL GET HIM TO FACE TRIAL - FALANA

I didn’t disobey Osinbajo’s directive - Malami

One dead, three injured as car hits pedestrians on Lagos-Ibadan Expressway

BBNaija S6: Tega, Arin, four others nominated for eviction in week three

Eight killed as IPOB’s sit-at-home order turns bloody

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Biography

Biography

Fel Ronan Biography, Early Life, Career, Real Name, Age, State of Origin, TikTok, Girlfriend, Net worth

by Dreal Frankie
February 20, 2023
0

Auchijeffblog is known by majority to be a content writing site that ensure to give you up to date biography...

Read more

Jeffery Benson Biography, Early Life, Career, Real Name, Age, Wife, Education, Instagram, Phone Number, State of Origin, Cars, Net worth

January 18, 2023

Damilare Ogundare (HabbyFx) Biography, Early Life, Career, Real Name, Age, Wife, Education, Cars, Houses, State of Origin, Net Worth

January 17, 2023

Dapo Willis Biography, Early Life, Career, Real Name, Education, Age, Wife, Instagram, Cars, State of Origin, Net Worth

January 16, 2023

Uche Paragon Biography, Early Life, Career, Real Name, Age, Wife, Education, Instagram, Cars, State of Origin, Net Worth

January 16, 2023

Celebrity Gists

Celebrity gists

“No level at all, See as everything resembles fake” Reaction as Portable splurges cash on new studio equipment [Video]

by Auchi Jeff
November 17, 2022
0

Social media users react as popular street singer, Habeeb Okikiola, professionally known as Portable Omolalomi spends some  cash on the acquisition of...

Read more
Celebrity gists

Top 10 Richest/Successful Tiktokers in South Africa 2023

by Dreal Frankie
January 2, 2023
0

TikTok is a a social media app for creating, sharing, and watching short video clips,since the lunch of this Chinese...

Read more
Celebrity gists

Top 10 Richest/Successful Tiktokers in Kenya 2023

by Dreal Frankie
January 2, 2023
0

Tiktok is the best short video platform, especially Ghanian youth are taking it seriously in 2022. And there are people...

Read more
Celebrity gists

Top 10 Richest/Successful YouTubers in Kenya 2023

by Auchi Jeff
January 14, 2023
0

Highest YouTube Earners in Kenya 2022 - Auchijeff YouTube is one of the platforms that many Africans are using to...

Read more
Celebrity gists

Top 10 Richest dancers in Africa 2023

by Dreal Frankie
January 4, 2023
0

African dance is becoming popular day by day, so today Auchijeff will talk about  the 10 Richest and successful Dancers...

Read more

Follow us on our social media

about

Auchijeff.com is the Most Visited Online Platform that Delivers Hot Fresh Nigerian Music, Video, Entertainment Gist & News Content on a daily Basis to Nigerians Home and Abroad

No Result
View All Result
  • Home
  • Celebrity gists
  • Biography
  • Contact Us
  • AUCHI POLYTECHNIC PAST QUESTION
  • AUCHI POST UTME PAST QUESTION

© 2021 Auchijeff.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In