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N7m Fraud: Ponzi Scheme Operator, Umoren Edet Gets Conviction

N7m Fraud: Ponzi Scheme Operator, Umoren Edet Gets Conviction for obtaining money under false pretences and issuing dud cheques.

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A Federal High Court sitting in Port Harcourt, Rivers State, has sentenced a fake Ponzi scheme operator, Umoren Edet, to seven years’ imprisonment.

Justice A. T. Mohammed found him guilty of obtaining money under false pretences and issuing dud cheques.

It was gathered that Edet collected the said sum from one Amaka Joy for bitcoin transactions, but neither conducted the business nor returned the money to the owner.

The Head of Media and Publicity, Economic and Financial Crimes Commission, Wilson Uwujaren, in a statement said Edet was re-arraigned on one count of advanced fee fraud by the anti-graft agency after a three-year trial.

He pleaded guilty to the amended charge.

Also Read: Alleged Fraud: Ex Plateau Gov, Jonah Jang Begs Court To File No Case Submission

The prosecuting counsel, Celestina Okorie, presented three witnesses against the convict, while the defence counsel, I. Ekwu, also presented three witnesses.

Delivering his judgment, Justice Mohammed convicted Edet and sentenced him to seven years’ imprisonment without an option of a fine.

He also ordered that the sum of N7m be returned to the victim.

 

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Top Court News is a product of a dedicated Journalist, owner of I-Wahab Media The Publisher started his Journalism career with Murhi International TV, MiTV in 2003 before working with Radio Nigeria, Lagos Operation, as a Judicial Correspondent. He is presently the Vice Chairman of the National Association of Judicial Correspondent, NAJUC, Ikeja Branch and occupied same office with Nigeria Union of Journalist, NUJ, Radio Nigeria Chapel. topcourtnewsng.com is out to serve you with informative and educative News in the Judiciary sector. To put an end to the under reported activities of the sector among the three arms of government

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Lagos CJ Constitutes Committee To Find Missing Bullet Proof Car

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The Chief Judge of Lagos State, Justice Kazeem Alogba, has set up a disciplinary committee to unravel the misery surrounding how one Nissan Maxima (3.5SE) with registration No BQ 775 AGL retrieved from the judgment debtor in the suit no. MIK/22/19/11, between Lati Gomes and Princess Bola Jegede got missing.

The committee was set up following a petition written by Princess Bola Jegede, a Proprietress of A-Z International College.

The then Head of Deputy Sheriff Section, Lagos, Mrs Julie Abieyuwa Anabor, who is now a judge at the Code of Conduct Tribunal had on March 28, 2013, executed the judgment against the judgement debtor pursuant to judgment delivered on June 28, 2012.

Executing the judgement, Justice Anabor impound two Toyota Hummer school bus and a bullet proof Nissan Maxima.

The Proprietress in a series of letter written to the present Chief judge, stated that the parties had since settle their differences as the judgment creditor and debtor have compromise their position.

Also Read: Lagos Chief Judge Backs EFCC on Fight Against Corruption

Judgment debtor had then asked the Deputy Registrar to release the properties as stated in the attached copy of inventory and release same to the rightful owner in compliance with the order of the court.

The Chief Magistrate F. A. Azeez had in a suit deliver judgement over rent of property between the trustees of the estate of honourable Justice T.S Gomes and Princess Bola Jegede wherein court ordered defendant to pay the sum of N9 million as arrears of rent from January 2005 to 2008 and January 2009 to 2010.

Consequently, the debt the defendant couldn’t pay thereafter led to the execution of the Judgment, before both parties were able to settle the rift.

You May Also Like: CJN Swears-in FCT Chief Judge as Two Retires in Lagos

However, the then Deputy Sheriff, Mrs Julie Abieyuwa Anabor, who is now a Judge of Code of Conduct Tribunal had release the two school buses with registration no UF 129 KJA and UF 128 KJA but refused to release the Nissan Maxima (3.5SE) of registration no BQ775 AGL.

The School Proprietress has through his lawyer, Mr Yemi Omodele in a letter dated October 14, 2020 to the Deputy Sheriff to release the remaining one vehicle, Nissan Maxima car in the interest of justice as the last hope of common man.

However, investigation revealed that Justice Julie Anabor the Head of Deputy Sheriff (as at then) authorized the release of the bullet proof vehicle from the Strabag warehouse, Ikeja.

Though the Panel of enquiry set up by the Chief Judge, Justice Kazeem Alogba is yet to conclude it findings on the matter.

 

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Abuse of Office: Ex-Army Major Drags Nigeria Army, FCMB To Court

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A convicted Major in the Nigeria Army, Akeem Adeeogba Oseni, has seek the protection of court to get justice over unlawful freezing of his bank account with FCMB, and the search of his house without search warrant.

Major Oseni instituted the charges at the Federal High Court in Abuja, through his counsel a Senior Advocate of Nigeria, Chief Mike Ozekhome.

The Army officer in the suit marked: FHC/ABJ/CS/1104/2021 is praying the court to order the two respondents to pay him another sum of about seventeen million naira being amount allegedly carted away from his private apartment along with other valuable properties.

He wants the court to order the Nigeria Army to remove the Post No Debit (PND) placed on his account and another order compelling FCMB to tender a public apology to him in at least three national dailies for the blatant violation of his fundamental rights without following the due process of the law.

Besides, the Army officer applied for an order of perpetual injunction restraining the respondents, their agents, employees, operatives, detectives, servants and privies and investigating officers from further putting his bank on PND without valid court order.

Also Read: Court Nails First Bank Plc Over Unlawful Freezing Of Customer Account

On the grounds for the application, the plaintiff claimed that on February 23, 2017, one Major General I. M. Obot (Rtd), Chief of Staff, Army Headquarters Garrison, allegedly informed him of a jail break involving one Lance Corporal, Benjamin Collins and that he was instructed along with three others to drill the Corporal and relocate him to another detention facility.

He averred that in obedience to the instruction, he and the other three officers drilled the Corporal and that in the process the Corporal died.

Plaintiff further stated that he was put into military trial and was sentenced to 10 years imprisonment which he is still serving while the other three officers who allegedly participated in the drilling of the deceased Corporal were discharged and acquitted.

Also Read: EFCC Narrates How Customer Lose N1.8bn in Sterling Bank Plc Care

He averred that in his bid to cater for his family, he raised some cheques for withdrawal through one of his friends and that the cheques were dishonoured on the grounds that the Nigeria Army had through a letter allegedly placed a Post No Debit on his account.

He further contended that he committed no offense known to law to warrant the Nigeria Army to place restrictions on his bank account without any valid court order.

Plaintiff further averred that freezing of his account and searching of his apartment without court order and his subsequent dehumanization by the two respondents is illegal, wrongful, unlawful and constitutes a blatant violation of his fundamental rights as enshrined in section 36, 43 and 44 of the 1999 Constitution as amended.

He therefore prayed the court to declare that freezing of his account, searching of his house and his dehumanization was illegal, unlawful and unconstitutional.

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EFCC Narrates How Customer Lose N1.8bn in Sterling Bank Plc Care

Economic and Financial Crimes Commission, EFCC, commence trial against a Sterling Bank Plc official over N1.8bn alleged fraud

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The eagle eye of the Economic and Financial Crimes Commission, EFCC, has caught up with a banker working for Sterling Bank Plc over N1.8bn alleged fraud.

An official of the bank, Ifeanyichukwu Shallom Isituah and a businessman, Ighodaro Austin Osaretin was alleged to steal the sum of N1,790,558,000 belonging to a customer of the bank, Wells Procurement Limited with account number – 0016798848.

The matter has since been dragged to court after thorough investigation by the anti graft agency.

An EFCC Investigator, Adamu Mohammed, told Lagos State High Court sitting in Ikeja, that the agency received a petition with reference No: SB/IAG/12/EFCC/011 duly signed by the Head IT and Head Intelligence and Investigation on behalf of Sterling Bank.

Mohammed, who works with the Team C Cybercrime department of the EFCC, while testifying on oath, said that the petitioner alleged that a customer’s bank account was profiled via internet banking and the said sum was diverted to various individuals and companies.

While led in evidence by the prosecutor, N. M. Anana, the witness testified that preliminary investigation by the bank revealed that the second defendant’s profile, Isituah, a female, was used to initiate the account on internet banking and more than 24 accounts got the same amount of money.

Also Read: Alleged N111.5billion Revenue Fraud Reports Indicts Zenith Bank

“Investigation letters were sent to FCMB, Zenith, First Bank, Fidelity Bank and Access Bank. Responses were received from the banks and the statement of accounts were analysed and the analysis revealed that most of the company’s accounts the money was transferred to were BDC (Bureau de Change) operators.

“Some of them reside in Abuja, Kaduna and there was one address that we suspected to live in Lagos, Ndifreke Roberts. But all efforts to trace the address of Kaduna, Lagos and Abuja suspects did not yield any information to help the commission get them.

“On March 10, 2020, the DSS handed over the two defendants to the commission under the instruction of the AGF (attorney-general of the Federation) for further investigation. The two defendants’ statements were voluntarily taken under caution.

“The first defendant revealed that he has a company called Universal Agriculture Empowerment Initiative as an NGO which received the sum of sixty million naira as part of the transfer from that Sterling Bank customer’s account. He further stated that the money was received from one Osaretin (second defendant) and transferred to his account as a donation.

“That he introduced one of his friends who is the owner of Villavon International School who also received one hundred million naira from the said fraud.

“He further stated that he called a BDC in the name of Damo who owns Damoo Ten Ventures. Damo was invited to the commission and he volunteered a statement that the first defendant contacted him and he transferred sixty million naira to various accounts and further instructed the owner of the International School to transfer ninety-five million naira.

You May Also Like: SFU Opens Trial Of Syndicate who Theft N.9Billion From FCMB

“The dollar equivalent was received in cash by the first defendant. The first defendant further stated that the money was used at IDP camps around the country. I cannot remember the specific location but he mentioned a place in Borno and Adamawa, the witness said.

However, during cross examination by the defence lawyer, A. Okenile, the EFCC operative said that Sterling Bank gave the commission the information that the second defendant profiled the account for the alleged fraud.

When asked what links the second defendant to the alleged fraud, Mohammed said, “the offence was committed at Sterling Bank and it was reported. The offence took place during a public holiday and the bank realized it on December 28. The accounts of the customer we are talking about has never been profiled for internet banking. So we had to understand how it was transferred, which was through internet banking.

“The bank said the account doesn’t have internet banking access and it was a staff that did it and the second defendant’s profile was used to connect the account to internet banking. Without that profiling money cannot be transferred from that account.

“Even when the bank tried to contact her, she ran away. She was nowhere to be found. Not until the Department of State Services (DSS) traced, arrested her and handed her over to the commission”.

The matter was further adjourned till October 19 for continuation of trial.

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