WELCOME TO AMEBOCITY.COM: EFCC

Photo: 70 year old man arrested forN42million Stock Fraud

<center><img border="0" height="300" src=" https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFFDCB9m_rR3dpHmqZqgo1Hlr9fc5eGOynM_BlQvNP8kqjjFPcbyepffYquuepI-m3qPO1RAQQ5u5wdNrvgnXEYHZmcStHX7kg3cn6UCnwi0kZd_4RDHMAsS-KuI-gb99A1iVeW4ZUp5Ai/s1600/2.png " width="250"> </a></center> Find the EFCC press statement below A 70-year-old man, Adebola Oyewole Asiwaju, has been arrested by the Economic and Financial Crimes Commission, EFCC, for allegedly attempting to fraudulently sell the shares of one Olalere Sunday Oladosu. To perfect the scam, the suspect allegedly forged documents and opened a bank account in a new generation bank, with the assumed name of “Olalere Sunday Oladosu”. Then, he proceeded to instruct Marina Securities, a brokerage, to dispose of 1.7million units of Zenith Bank shares valued at N42million and remit the proceeds to the account he opened with the new generation bank. The lid on the scam was lifted when a routine check by staff of Marina Securities revealed some discrepancies in the documents presented by the suspect and the ones the genuine owner of the shares had filed with the defunct Intercontinental Securities Limited. Consequently, the suspect was arrested by the Nigeria Police, and later handed over to the EFCC for further investigation and prosecution. The suspect is alleged to be neck deep in stealing shares of unsuspecting investors and selling them for a commission. He is believed to work for a syndicate and receives 10 percent of the proceeds of any “business” that sails through. His accomplices are still at large. Other names that Asiwaju has used in fraudulent shares sale include, Babajide Odunso and Chief Bolaji Carew. The suspect will be arraigned in court as soon as investigation in concluded.

Photo: 70 year old man arrested forN42million Stock Fraud

Find the EFCC press statement below A 70-year-old man, Adebola Oyewole Asiwaju, has been arrested by the Economic and Financial Crimes Comm...

N25bn Fraud: Igbinedion, Otherswill know fate January 30 - EFCC

<center><img border="0" height="300" src=" https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOkqv035WeZkz6CO-SqeX8oeAoF693adwMgZmmktSz589VaO4T-z8kRoQOFsAhwgt2EaBYYy3BNAiEo5wI5_cYpMJstcrd5em-FnvjybDxixvnsicAbGYmglbNeGqedlWAAueCrYPKWwRA/s280/0902F12.Lucky-Igbinedion.jpg " width="250"> </a></center> Find the EFCC press release below.... Federal High Court sitting in Benin, Edo State yesterday reserved ruling in the N25billion money laundering and abuse of office charge brought against Micheal Igbinedion and Charles Eboigbodin by the Economic and Financial Crimes Commission, EFCC, for January 30, 2015. Justice J. Liman on Friday November 14, 2014, fixed the January 30 date for judgement after the adoption of written addresses by counsel: Rotimi Jacob SAN for the prosecution and Mike Ozekhome SAN, Ricky Tafa SAN and Barr. Richard O. Ahonaruogo for the accused persons The accused persons along with their companies: Gava Corporation Limited; Romrig Nigeria Limited; PML Securities Company Limited and PML Nigeria Limited, were arraigned by the anti- graft agency on a 81-count charge bothering on Money Laundering, Misappropriation of funds, conspiracy and Abuse of office. While addressing the court, Jacobs hinged his submission on the testimonies of prosecution witnesses which, according to him, corroborated the charge, with emphasis on the several public funds deposited into private accounts, and how government funds were used to repay loans collected by former governor Lucky Igbinedion while he was in office. Jacobs then prayed the court to "accept the prosecution’s case as presented and convict the accused persons as charged". But before closing his address, the prosecuting counsel called the attention of the court to the inability of the bailiff to serve the summon earlier issued by it on the former Edo State governor, who failed to present himself in court, after the Appeal Court decision in April, asking him to return to the High Court for trial. Jacobs disclosed that all efforts by the bailiff to serve Lucky Igbinedion with the summon, met a brick wall as he was always turned back from the gate by security men who told him on all occasions that Igbinedion was out of town. The EFCC counsel then prayed the court to permit a substituted service of the summon on the last known address of Igbinedion. "May I apply that the first accused person be served by allowing the prosecution paste the notice at the known address,” he said. But Justice Liman advised the prosecuting counsel to make an application. According to him, "the summon has expired, you can reapply or ask for a substituted service as there are other means of service. Prosecution must make another application." Wilson Uwujaren Head, Media & Publicity 14th November, 2014

N25bn Fraud: Igbinedion, Otherswill know fate January 30 - EFCC

Find the EFCC press release below.... Federal High Court sitting in Benin, Edo State yesterday reserved ruling in the N25billion money laun...

Pic: suspect who defrauded Bureau de Changeoperators of $18k arrested

<center><img border="0" height="300" src=" https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHNeWWVNrFx6OhGNoRUlLg33ts4y5HyGMU4bDLfQyDsXz5jYQVvQwUtiY6C5jfQqEHXLCKrRKpJj7C7fKsh_4ArZI1FhfeFGlntGT0CjlBJQnRnLbnk2_3DRt5yZZineKJ8J12nMfIMrtH/s280/11.jpg " width="250"> </a></center> Find the EFCC press statement below... A suspected fraudster, who defrauded a group of Bureau de Change operators of $ 18,600,290 USD and disappeared after he was granted administrative bail by the Economic and Financial Crimes Commission, EFCC, has been re-arrested. Alhaji Saidu Hashim was picked up by operatives of the Commission from his hide out in Lagos. Alhaji Hashim who is the owner of Amjigar Bureau de Change Limited alongside one Ahmed Bashir allegedly defrauded a group of 52 bureaux de change operating under the aegis of Association of Creditors of Amjigar Bureau de Change, of the sum of $18,600,290 (Eighteen Million, Six Hundred Thousand, Two Hundred and Ninety Dollars) between August and October 2008. The suspect is alleged to have collected the money and diverted it for his personal use thereby failing to honour his financial obligation to the group. The suspect who was first arrested by the EFCC was granted administrative bail prior to his arraignment in court but jumped bail, thereby stalling his prosecution. But his accomplice, Ahmed Bashir is currently standing trial at the Federal High Court, Kaduna. The fraudulent activities of the suspect and his disappearance brought told hardship to his victims and their dependants. Alhaji Hashim will soon be arraigned in court.

Pic: suspect who defrauded Bureau de Changeoperators of $18k arrested

Find the EFCC press statement below... A suspected fraudster, who defrauded a group of Bureau de Change operators of $ 18,600,290 USD and d...

EFCC arrests UNIBEN undergraduate over $12,000 internet scam

<center><img border="0" height="300" src=" https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivi9uiNxILUxF8zeUSN07M6xbEaQ_VX5zxlhrs3EsQEoTT-rTcNx5eANjXQxmJPIUar-PiSfIwDuUzNVDFdAGNpVGmLT1CLEF4o-lgwBGkAa6pOQRI32msiTDtU5yTRII6IYnNJqZtK3vF/s1600/unnamed.jpg " width="250"> </a></center> Find the EFCC press statement below... The Economic and Financial Crimes Commission, EFCC, on Thursday, October 30, 2014 arraigned an undergraduate of the University of Benin, Kenneth Rukewe Ebule before Justice E. F Ikponmwen of an Edo State High Court, sitting in Benin- City on a 6- count charge bordering on forgery, obtaining money by false pretence and possession of fraudulent documents.The accused person allegedly duped Sabine Albert, a German, of the sum of $12, 088, 75 through fraudulent claims. Rukewe, 30, a final year student of Computer and Statistics at the University of Benin, was arrested by officials of a new generation bank on May 28, 2014 in Benin City and handed over to the EFCC for further investigation. Troubles started for him when Albert alleged that within two months after he had internet contact with him, Rukewe fraudulently obtained the sum of $12,088,75 (Twelve Thousand Eighty Eight Dollars and Seventy Five Cents) from him. Rukewe allegedly posed to Albert as an English businessman on transit in Nigeria. He gave his name as Bob Albert and told his victim that he had a contract with a Nigerian company worth €1.200, 000.00 and that he needed a loan to facilitate a transaction with the company. He promised to pay back the loan and even doubled it because he was sure of pulling through the transactions. He also told Albert that he had complications and suffered a robbery attack. Rukewe also falsely told Albert that, a levy of of N1,975,861 (One Million, Nine Hundred and Seventy Five Thousand, Eight Hundred and Sixty One Naira only) was imposed on him by the Federal Inland Revenue Service for the release of his International Passport, and a cheque worth 1, 200,000 Euros. He also pleaded for a flight ticket to London. Based on all these, Albert offered to loan him the money by sending it through Western Union, only to discover that he had been scammed. Investigation also revealed that the suspect had defrauded other German nationals to the tune of $110,975.00USD (One Hundred and Ten thousand, Nine Hundred and Seventy Five United States Dollars) between May 2013 and January 2014. When the charges were read to the defendant, he pleaded not guilty. One of the charges read in part: “Ebule Kenneth Rukewe (a.k.a. Bob Albert), on or about the 17th day of July, 2013 within the jurisdiction of this Honourable Court, with Intent to defraud, obtained the sum of $ 12,088,75 (Twelve Thousand Eighty Eight Dollars and Seventy Five Cents) from Sabine Albert (a German National), under the false pretence that the money represented part payment of N1,975,861 (One Million Nine Hundred and Seventy Kobo) levy imposed one Bobby Albert (a British citizen) by Federal Inland Revenue Service for the release of the International Passport, Cheque worth 1,200,000 Euros and flight ticket to London of the said Bobby Albert, which representation you knew to be false”. In view of the plea of the defendant, prosecution counsel, Kayode Oni asked for a trial date and prayed the court to remand the defendant in prison custody. The defence counsel, Maureen Morka informed the court of her application for bail dated September 9, 2014 and prayed the court to grant the defendant bail. Justice Ikponmwen granted the defendant bail in the sum of One Million Naira and two sureties in like sum. The sureties must be resident in Benin City and must be gainfully employed in Edo State. The defendant must also produce his student identity card. Justice Ikponmwen subsequently adjourned the case to November 21, 2014 for hearing and ordered that the defendant be remanded in prison custody pending the perfection of his bail.

EFCC arrests UNIBEN undergraduate over $12,000 internet scam

Find the EFCC press statement below... The Economic and Financial Crimes Commission, EFCC, on Thursday, October 30, 2014 arraigned an under...