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Police On Trail Of Us-based Nigerian Over N22.5 Million Fraud

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Police On Trail Of Us-based Nigerian Over N22.5 Million Fraud
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Police On Trail Of Us-based Nigerian Over N22.5 Million Fraud

The Force Criminal Investigation Department (FCID), Alagbon, Lagos has grilled an aide to a serving senator for his alleged role in $38,200 (the equivalent of N22.5 million) fraud.

Police sources said the arrest and detention of the aide followed a strong-worded petition to the Assistant Inspector General of Police, FCID Annex, Alagbon, Ikoyi, Lagos; jointly signed by a Lagos royal father, Oba Gbolahan Akanbi Timson, of Shomulu Bariga and Alhaja Amina, a property CEO; alleging that the senator’s aide conspired with a Nigerian-based in the US to defraud one Tony who was introduced to the suspect and his sidekick in his palace of the said amount.

It was gathered that the Nigerian based in the USA, who goes by a pseudonym Larry with another person’s picture on his WhatsApp status and other social media accounts, lives in Brooklyn, New York and not New Jersey, as claimed in all his contacts and correspondents with his acquaintances.

Further checks revealed that the said Larry was introduced to the royal father by the senator’s aide some years back, and has since become a regular caller to the palace whenever he was in the country. It was during one of the visits that the issue of changing $38,200 to naira was mentioned and he quickly said he was into such a deal; stressing that whenever Alhaja Amina Oluyegun, who introduced Mr Matthew (owner of the money) was prepared and ready for the transaction, they should notify him so that he would give an account for the transfer of the hard currency and, thereafter, send the naira equivalent without delay.

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A senior police officer hinted further that when the dollars were ready, Larry was contacted via a verified telephone number and he forwarded an account in which a bank draft of $38,200 was paid, and he acknowledged receipt. He was said to have been pre-informed that the said money was genuine and clean, and assured that he had an Abuja-based buyer who wanted to use the money to purchase cars and that there would be no infraction.

The transaction however took a different turn after the owner of the money waited for two weeks in vain with no sign of the naira equivalent. Contacted, sources said Larry admitted receiving receipt of the money but added that the money was clearing in tranches. His response infuriated Alhaja Amina and the royal father, in whose palace the introduction was made and the deal sealed; questioning how could a bank draft or cheque be clearing in tranches.

Shortly after, it was learned that Larry no longer picked his calls from either Alhaja Amina or the royal father, fueling speculation that he was out to defraud. The senator’s aide was contacted and reports say he promised to wade into the matter as he was the one who introduced Larry to the palace and by extension, Alhaja Amina, and, of course, Tony who owes the money. A palace assistant, Prince Obanisola, said the royal father was compelled to write a petition to the police in order to clear his name.

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‘The man was brought to the Palace about five years ago by a man who works with a Senator, a good friend of the Palace. Since then, whenever he is in the country, he comes to the Palace to visit our Oba and the relationship went on. It was during one of the visits that Alhaja Amina Oluyegun was discussing the issue of changing US Dollars to naira with Kabiyesi and Larry quickly interjected that he was into the deal and that whenever they were ready he should be contacted,’ he stated.

Police On Trail Of Us-based Nigerian Over N22.5 Million Fraud

‘It was later that Kabiyesi was informed by Alhja Amina that the transaction had been done and the naira equivalent was being awaited. But when the owner of the money started waiting for the naira equivalent and it was not forthcoming, Alhaja ran to Kanbiyesi to complain and that was how Larry was contacted and started first, with the narrative of the money ‘dropping in tranches’ because it was paid through a Bank Draft.

When he realized that the people he was talking to had knowledge of monetary transactions, he changed the narrative that the account he actually presented belonged to one Yinka and that he said the money was not genuine. Out of the colossal amount, Larry only paid N4 million, so kabiyesi was forced to write the petition to the Police because even the man who introduced larry to the Palace, was not helping matters.

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At the peak of the whole issue, he was called, but he said he could not say nor do anything as of then because he was planning his daughter’s wedding. And after the wedding, he was called again but he gave an unsatisfactory response that he doesn’t want to dabble into such an issue.

‘He also boastfully said he is close to some senior Police officers when told that the matter would be reported to the Police; counter-threatening that whatever the owner of the money wants to do, he should go ahead. And true to his threat and boast, the moment he was arrested, calls from the top police echelon started flooding in to have him released immediately. A retired commissioner who is now a lawyer was brought into the picture.

A senior police officer at FCIID told Daily Sun that the aide to the serving senator was grilled and granted bail while the police were making efforts to extradite Larry to Nigeria with the help of INTERPOL.

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Lagos: MSSN Alagbado Holds Maiden Edition Of Business Summit

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Lagos: MSSN Alagbado Holds Maiden Edition Of Business Summit

By Sodiq Lawal

As part of its commitment to alleviating financial constraints and to better the lives of Muslims in Nigeria, the Muslim Students Society of Nigeria (MSSN) Alagbado Central Branch in Lagos state on Sunday held the first edition of business summit.

The summit themed: “Business Resilience’ which was held at Palmroof Event Center at Mao Junction, Alakuko area of the state is aimed at contributing to the economic empowerment of MSSN members and Muslims in general.

Ustaz Ibrahim Fadipe, the Amir, MSSN Alagbado Central Branch in his welcome address said: “It’s my special pleasure to welcome you all to the maiden edition of the Business summit organized by MSSN Alagbado central branch. It’s a program that was conceived to contribute our quota to the economic empowerment of our members and Muslims in general.

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“We believe youth organizations should now focus on solving societal problems and at MSSN Alagbado, we want to set the pace for others. We started with skills acquisition program in October where we trained 20 people on different skills and as a follow-up program, we set up this program to educate, motivate and support our members to grow their business.

“To achieve this, we have invited erudite scholars, business management gurus and CEOs of great businesses to dissect the central theme of this edition which is ” Business Resilience”.

“I am confident of their competence and ability to do justice to the topic and am very sure you will enjoy their delivery.”

Delivering his keynote address, the Amir MSSN Ojokoro Area Council, Mallam Mutohir Arogundade lauded the efforts of the MSSN Alagbado executives for organizing the summit.

He encouraged the participants to be creative, have a good management and be reliance on others in order to have a suitable business.

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Mr. Abdul Wasii Olufemi, an astute management professional and a business consultant while speaking on the topic ‘Developing Business Plan and Financial Projection’ urged participants to be excellent in business and need to be at the cutting edge of their industry, own the space.

He said: “Our businesses must be resilient and agile enough to adopt to change quickly and they must leverage on technology and innovation in service delivery because business is no longer the same.”

He explained the need for every business owner to always grow digital and online, adding that using technology will make business to grow well.

“The future is hinged on technology, so apart from the global trend, locally we continue to see that technology is now about 18% of GDP. ICT is the fastest-growing sector of the economy. Apart from that, technology and digital transformation is not just a megatrend, it underpins all the other megatrends in finance, engineering, and climate action which is topical right now,” he said.

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Lagos: MSSN Alagbado Holds Maiden Edition Of Business Summit

Also speaking, Mr. Shefiu Olabanjo, a chartered accountant and a business coach, while speaking on the topic ‘Business Challenges To Anticipate And Overcome’, appealed to all business owners to always work in team in order to have a suitable sustainable business.

He urged participants to always be thinking strategic, comply with regulatory and take advantage of technology so that their businesses can thrive.

Other discussants at the summit include Mr. Ibikunle Waliyullah (CEO Idea Global Link Intl’), MSSN stakeholders and host of others.

This medium reports that the participants of the summit had earlier submitted a business proposal each to the MSSN Alagbado and Mrs Ojedele Balikis’s proposal was marked as the best and she was given a sum of hundred thousands (100,000naira) for her business.

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VP Osinbajo says ‘’Nigeria needs unifiers, not just achievers”

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VP Osinbajo says ‘’Nigeria needs unifiers, not just achievers”
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VP Osinbajo says ‘’Nigeria needs unifiers, not just achievers”

Vice-President Yemi Osinbajo says Nigeria needs not just achievers, but more importantly men and women who are bridge-builders and unifiers, who see the country’s ethnic diversity as a source of strength, and not as a point of difference.

Osinbajo said this on Saturday during the turbaning ceremony of some prominent persons in Bida emirate, Niger State.

The Senior Special Assistant to the Vice-President on Media and Publicity, Laolu Akande, disclosed this in a statement titled ‘Nigeria needs unifiers, Osinbajo says at Bida Emirate turbaning ceremony’.

Earlier, the Etsu Nupe and Chairman, Niger State Council of Traditional Rulers, Dr Yahaya Abubakar, conferred on the Vice-President the ‘Garkuwan Yamma Nupe’ which means ‘the Defender of Nupe Kingdom.’

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Speaking after his turbaning, the Vice President noted that the conferment of the titles was a fresh call to service to the Bida community and the nation, adding that “our country needs men and women who understand that all men and women regardless of race and faith deserve to be treated equally, fairly and justly.”

He also restated the Federal Government’s commitment to enhancing security nationwide.

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Fuel subsidy: CSOs urge FG to end N250bn monthly payment

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Fuel subsidy: CSOs urge FG to end N250bn monthly payment
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Fuel subsidy: CSOs urge FG to end N250bn monthly payment

Civil Society Organisations in Nigeria operating under the aegis of the “Civil Society Coalition for Economic Development” (CED) have decried a monthly payment of N250 billion for fuel subsidy, saying if nothing was done by the Federal Government to end the regime, it would further cause economic catastrophe.

In a seven-point communique after a conference of the coalition which was held simultaneously in Lagos and Abuja, a copy of which was made available to DAILY POST on Friday, the Coalition urged the Federal Government to be committed to the planned ending of the fuel subsidy regime, adding that it was the right step towards recovering the nation’s economy.

The Coalition, which comprised of 82 Civil Society Coalitions, insisted that Nigeria’s economy is about one of the most volatile in the world, recalling that there was a time a barrel of crude oil was sold for $150, but for the past six years, it has reduced to $60, a situation the group lamented, was unsustainable.

In the conference, titled: “Fuel Subsidy Removal in Nigeria”, it was pointed out, would recycle the economy on the part of productivity and growth, if the amount being paid as a cost of fuel subsidies were channelled into the provision of infrastructure and other social sectors of the economy.

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The communique which was signed by the convener, Com. Yusuf Dan Maitama and the Secretary, Com. Badaru Ayewoh further recommended that the fuel subsidy regime should be stopped effective from January 2022.

They further identified the subsidy regime as a major challenge that was forcing the Federal government into external borrowings, while expressing optimism that the end of fuel subsidy would recoup funds into the national treasury well enough for developments.

Part of the communique read: “That the resource persons who are world-class researchers in the oil and gas industry extrapolated issues bordering on Nigeria’s oil and gas industry, and identified Nigeria’s major economic challenges as that of the active fuel subsidy regime.

“In the group discussions, participants were unanimous that Nigeria was the only country in the world that sustained fuel subsidy regime for the past 20 years.

“The fuel subsidy regime was a capitalist and elitist policy that services only the top-heavy, hence, successive governments found it difficult to implement their economic policies.

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“It was pointed out that the Federal government of Nigeria spends N250 billion on fuel subsidy every month. The development, discussants averred was largely responsible for national debts as revenue coming into the Consolidated Revenue Fund (CRF) account are used to settle the fuel subsidy.”

Fuel subsidy: CSOs urge FG to end N250bn monthly payment

The group pleaded with the organised labour not to embark on strike on account of ending subsidies, while they asked the Federal government to forward a budget for N5000 grants to be disbursed to citizens to cushion the effect of fuel subsidy removal in 2022.

“That the Federal Government of Nigeria should end fuel subsidy regime effect from 1st January 2022 in order the save the sum of N250 billion monthly as the economy of Nigeria has become very fragile given the financial burden orchestrated by the subsidy regime.

“That Nigeria is a monolithic economy as such, revenue earnings must be jealously guarded and which should be channeled into road construction, power, education, health and development of its youth.

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“That the organised labour should be considerate and not embark on strike action in the circumstance that the Federal government has ended fuel subsidy regime, given the reversal of huge resources back into the Federal government coffers.

“That the Federal Government and all stakeholders in the oil and gas industry should strictly enforce the provisions of Petroleum Industry Act (PIA), which came into effect after it was signed into law by President Muhammadu Buhari.

“That the Federal Government, private and public sectors should embark on sensitisation of Nigerians on the need for immediate removal of fuel subsidy in order to save the nation from further financial hemorrhage.

“The Federal Government of Nigeria should forward the budgetary provision of N5000 grant to citizens to cushion the effect of fuel subsidy removal to the two arms of the National Assembly for legislative debate before the passage of 2022 budget.

“The Civil Society Coalition commends the Group Managing Director of Nigeria National Petroleum Corporation (NNPC) Limited for his commitment to the stability of oil and gas industry in Nigeria,” it added.

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