Connect with us

Crime

EFCC arraigns POS user for N1.2 Billion fraud

Published

on

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Wednesday, March 21, 2018, arraigned one Ifeanyi Nwaneri before Justice Olusola Ajibike Williams of the Special Offences Court sitting in Ikeja, Lagos on a five-count charge bordering on stealing to the tune of N1.2 billion.
The defendant, a customer with Access Bank Plc, was alleged to have fraudulently carried out several transactions on Point of Sales, POS, terminal issued to him by the bank.
One of the counts reads: “That you, Ifeanyi Nwaneri, sometime between September 1 and 4, 2017, at Lagos within the jurisdiction of this Honourable Court, dishonestly converted for the use of Sessy Global Ventures the sum of N25, 000, 000.00 (Twenty-five Million Naira only), property of Access Bank Plc.”

 

Another count reads: “That you, Ifeanyi Nwaneri, sometime between August 15 and September 12, 2017, at Lagos within the jurisdiction of this Honourable Court, dishonestly converted for the use of Omede Shedu Silas the sum of N17, 000, 000.00 (Seventeen Million, One Hundred Thousand Naira) only property of Access Bank Plc.”

The defendant pleaded not guilty to the charge preferred against him.
In view of his plea, the prosecution counsel, Nnemeka Omewa, urged the court to allow his trial begin immediately and, remand the defendant in prison custody pending the determination of the charges levelled against him.
However, counsel to the defendant, John Dong, informed the court of a pending application for bail on behalf of his client.

He, therefore, prayed the court to grant the defendant bail.
Consequently, Justice Williams granted the defendant bail in the sum of N5 million with two sureties in like sum.
One of the sureties must be a relation to the defendant and must own a landed property within the jurisdiction of the court.
Thereafter, Justice Williams asked the prosecution counsel to call his witness in the matter.
Led by Omewa, the first prosecution witness, Chuks Igboerika, a manager with Access Bank Plc, revealed to the court how the defendant had approached the bank sometime in March, 2017 for the issuance of a POS terminal.
The manager said the defendant had requested that the POS machine should be enabled in such a way that it would accept international cards, which he was eventually granted.
The witness further told the court that the defendant started receiving huge inflows into his account through his international cards on July 30, 2017.
He also said that the defendant consistently received money from July, 2017 to September 18, 2017 to the tune of N1.2 billion.
“When we discovered how money was being credited into Ifeanyi’s account with Access Bank, he was engaged by the Relationship Team Unit of Access Bank to know the nature of the work he did that could have warranted the large sums of money that he had in his account. He told the team that he deals in ‘Precious Stone’, in addition to dealing in automobile parts. He also said that his customers were foreigners.”
“As the money came into his account, he transferred some into different bank accounts. He has so far transferred N508 million to other banks, leaving a credit of about N677 million in the account with Access Bank”, the witness said.
In his further evidence, the first prosecution also told the court that Access Bank received a mail from Interswitch in which it made declaration of fraud in the transactions of POS belonging to the defendant and the fact that there was no authorization for the transactions from the legitimate owners of the money involved.

Investigations, however, revealed that the defendant carried out the transactions with the VISA International Card.
Also, investigation revealed that when the bank asked the defendant to produce the POS machine issued to him, he said it was not with him.
It was also revealed that when Access Bank asked Interswitch to produce ‘chargebacks’-complaints from the persons who lost money so as to declare the transactions fraudulent, it could not produce any.
Giving further testimony, the witness told the court that “the loophole was discovered by the Central Bank of Nigeria, CBN, after Access Bank reported the transactions.
“It was revealed that Interswitch was hoarding the debits entries in its system records without passing the entries to the appropriate channels, which were the real card holders who have allegedly parted with their money
“An international POS transaction must go through Interswitch, then to the card issuing company which, in this case, is VISA Card. Then, the transaction must reflect to the card holder and go back through the same channel to the bank before a transaction can be confirmed approved.
“And if a transaction was declined or not approved, it goes through the same channel. But in this case, it was discovered by CBN that the transactions done by the defendant started and ended between the defendant and Interswitch.”
The witness told the court that all the authorized companies; VISA Card, Unified Payment System, Interswitch, CBN, and Access bank involved in an international POS transaction were invited to review the fraud independently.
“They all came to the verdict that the fraudulent transactions done by the defendant were debited from Access Bank authorised by Interswitch.
In view of this, the prosecution counsel, Omewa, sought to tender the petition written to EFCC against the defendant and the defendant’s statement of account.
Both documents were admitted in evidence as exhibits by the court.
During cross-examination by the defence counsel, the witness told the court that it was at the point of interrogation that the defendant told the bank what he does for a living.
But the defence counsel pointed out that it was wrong of a financial institution to have failed to do that from the outset.

The case was adjourned to April 23 and 27, 2018 for continuation of trial.

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crime

“ Life Has Been Hard For Us” – Widow Of Murdered LCDA Staff, Idowu Keshinro Cries Out

Published

on

 

The widow of Idowu Keshinro, the murdered Ota Ikosi Ejinrin LCDA staff has cried out for justice following the gruesome killing of her husband whom she had three children with.

The widow, Funke Keshinro stated that since her husband was killed, life has not been the same for her and the children because the deceased was the breadwinner of the family.

She revealed that she had to change the schools of the children because it’s been difficult to afford the private schools their father had enrolled them in before he died.

‘’Since my husband died, life has not been easy at all because when he was alive, he never joked with his children but now, it’s just me alone and it’s not easy. Since he died, I had to change the schools of the children to government-owned schools from private schools because I can’t continue all he used to do.’’

While speaking on what she wants from the government, Funke asserted that she wants justice for deceased husband. She mentioned that she doesn’t want the person that killed her husband to live because there are rumours that the arrested suspect would be released at the next court sitting slated for November 26.

Some of the suspects involved in this murder include Mukaila Salau, Tiamiyu Ahmed, Waliu Suleimon, Ibrahim Ekemode, Akande Ahmed Omogbemi, Abubakar Suleiman Mayaki, and others who are currently at large.

Funke tearfully noted that the children can’t recognize their father because they are still small, explaining how it’s been difficult raising them alone because their father’s life was cut short.

“I want the government to please fast-track justice; the person that killed him should also die. I want justice and nothing more. We have heard that they have arrested some people but we are waiting for judgement. I want a judgment that would be good for the three children and me. These children cannot even recognize their father because they are still young and I have also heard they want to release some of those who were arrested. Please, the government should help me, everyone that knows about my husband’s death should be judged accordingly.”

Meanwhile, in a petition dated October 18th 2024 written to the attorney general of Lagos state, it was noted that the suspects that have been arrested are currently boasting that they will be released at the next court sitting. They had been arraigned at Ogba Magistrate court on two occasions for their involvement in the murder of Idowun Keshinro.

The family of the deceased however, in the petition, called on the Lagos state government and Ministry of justice to ensure justice isn’t perverted for the sake of the deceased family and the peace of the community.

‘’It is our further brief that; other persons who are still at large with their syndicate are now intensifying efforts to ensure that they and the aforementioned persons escape justice by way of perversion of the cause of justice in respect of the subject matter.’’

‘’Furthermore, we have the brief of our client that the said persons and one KABIRU ABUBAKAR SULAIMON who is a brother to one of the defendants in the said charge continue to boast that the defendants would be released unconditionally as they claim to have connection to few politicians who would lead them to the office of the Attorney General and or have enough money to access same so as to ensure the Attorney General exercises his prerogative powers under the 1999 Constitution of the Federal Republic of Nigeria to release the Defendants in the above charge unconditionally’’

‘’We believe that the office of the Attorney General is dignifiedly sacred and clothed with Honour and same deserves utmost respect or regard from all and sundry as the case maybe. The noise cum brag of the aforementioned persons to pervert cause of justice at all cost in the above mentioned charge has now become deafening in the circumstance of our client thereof Our client and members of his family are hapless and continue to live in perpetual despair and would suffer untoward agony in the event the above mentioned persons make do of their boast and intention to escape justice in respect of the said charge’’, the petition reads in part.

Continue Reading

Crime

Family Appeals To Governor Sanwo-Olu For Justice Over Murder of LCDA Staff, Idowu Keshinro

Published

on

 

The family of late Idowu Keshinro, a former staff member of the Agbowa Council Development Area (LCDA) in Ota Ikosi Ejinrin, has made an urgent appeal to Governor Babajide Sanwo-Olu following fears that justice may not be served.

Although, suspects including popular land grabber, Abubakar Suleiman Miyaki, Mukaila Salau, Tiyamiyu Ahmed, Waltu Suleimon, Ibrahim Ekemode, and others have been arrested and arraigned before Ogba Magistrate court, the family of the deceased have claimed that there are ‘secret’ moves to free them unconditionally even though there is evidence that confirms the direct involvement of the suspects in the murder of Idowu Keshinro.

In a petition written to Governor Babajide Sanwoolu, the deceased’s elder brother, Akeem Keshinro explained that other suspects that are at large have been making boast of having connections with the attorney general of Lagos whom they claim will assist in releasing the arrested suspects unconditionally at the next court sitting slated for November 26.

‘’It is our further brief that; other persons who are still at large with their syndicate are now intensifying efforts to ensure that they and the aforementioned persons escape justice by way of perversion of the cause of justice in respect of the subject matter.’’

‘’Furthermore, we have the brief of our client that the said persons and one KABIRU ABUBAKAR SULAIMON who is a brother to one of the defendants in the said charge continue to boast that the defendants would be released unconditionally as they claim to have connection to few politicians who would lead them to the office of the Attorney General and or have enough money to access same so as to ensure the Attorney General exercises his prerogative powers under the 1999 Constitution of the Federal Republic of Nigeria to release the Defendants in the above charge unconditionally’’

‘’We believe that the office of the Attorney General is dignifiedly sacred and clothed with Honour and same deserves utmost respect or regard from all and sundry as the case maybe. The noise cum brag of the aforementioned persons to pervert cause of justice at all cost in the above mentioned charge has now become deafening in the circumstance of our client thereof Our client and members of his family are hapless and continue to live in perpetual despair and would suffer untoward agony in the event the above mentioned persons make do of their boast and intention to escape justice in respect of the said charge’’, the petition reads in part.

Furthermore, while speaking with journalists, Akeem Keshinro revealed that he can no longer sleep in his home again due to the different threats he has received for seeking justice over his brother’s death. He stated that he only stays in his house during the day but flees his home at night.

Also, Aslam Ibrahim, the youth leader in the community narrated that they were celebrating Easter at the palace when the incident happened. He made it known that they are after his life and can’t conduct his daily business freely over his involvement in seeking justice.

‘’We were celebrating Easter when the incident happened. We suddenly saw people with guns and we all ran from the palace. On the fateful day, Idowu passed by us on his way to the farm before we heard he was killed. They have been calling their family members and they have gone to the attorney general’s office to release them. I can’t work freely in the community because cultists have been all over me, I am begging the government to please help us.’’

Likewise, another victim of the suspects’ gruesome acts, Saula Lateef, an elderly man, narrated how he was beaten to a pulp by the miscreants who were confirmed to be Miyaki’s boys/

‘’I went to my site on Easter Day before deciding to go to the palace. On my way to the palace, I saw everywhere scattered and unfortunately for me, I walked into the midst of Miyaki’s boys who came to cause mayhem. I was held and beaten so much that till now, I am still unable to walk. It was a MOPO who was among them that asked them to leave me. It was few hours later that I was told that they killed Idowu Keshinro who was well known to us. Among those I saw was Mukaila, Hakeem Lawal, Jamiu Adeleja, Ahmed Tiamiyi, Ibrahim Ekemode, Walia Ojoge, Fowomeye, and others that are agents of Miyaki. We want to appeal to Governor Sanwoolu to ensure that justice is served because we are not safe here. They still have boys around and they are only waiting for those in prison to be released before they strike again.’’

Continue Reading

Crime

Update on Amen Estate Ownership: More of Babatunde Gbadamosi’s Lies Expose, all the dirty details

Published

on

Claims made by Lagos politician, Babatunde Gbadamosi over ownership of Amen Estate and it’s holding company has been debunked by inside sources.

An insider disclosed: “Mr. Babatunde Gbadamosi is a vocal but a deceptive social media activist and politician whose writings and posts often attack the establishment. It is rather contemptuous that a person who consistently calls for justice for his political party is full of lies and fakery.

“Mr. Gbadamosi’s inability to let go of Redbrick Homes demonstrates how unhinged he has become.”

“While Redbrick Homes’ lawyers have issued a press release disclaiming Mr. Gbadamosi and his claim of ownership over Amen Estate, Phases 1 and 2, and Ashlead Homes, it is crucial to inform the public that Gbadamosi has resigned as a director and left the company, since July 2021, said the source”

Letter from the lawyers

“As stated by Redbrick Homes in 2022, Gbadamosi was never an active director. He was a passive participant who left the company of his own free will.

“At the time, Gbadamosi was married to Sade Balogun, the true owner of Redbrick Homes and Amen Estate. He made his choices and followed them.

Gbadamosi’s Resignation letter

According to the insider, “when Gbadamosi left, he signed a document in which some of his demands for spousal settlement were met. He asked for four cars and some money in dollars. He was paid the 1st instalment and given some acres of land in Epe. However, after receiving the initial deposit, Gbadamosi almost immediately greedily breached the terms of the agreement.”

“Perhaps Gbadamosi, who fancies himself an important politician, has forgotten that there are documents bearing his signature and evidence of his settlement.” She noted.

According to our source: “Ms. Balogun, then, Mrs Gbadamosi may be the only woman in Nigeria who has paid such a large spousal settlement just to protect her children, company, and clients from potential embarrassment, knowing what a character like Mr. Gbadamosi is capable of.”

“It might surprise you to know that Gbadamosi even discredited the companies on their own websites. How can someone discredit something he claims to own? It got to the point where he responded to his daughter’s comment on Amen Estate’s Google page with a scathing tone, saying nasty things about the estate he now claims as his. What kind of father does that, and how more devious and delusional can a person get?”

The public must be reminded that Redbrick Homes International Limited, Amen City Ltd, and Ashlead Estates belong to Ms. Folasade Balogun.

Anyone can verify this at the Corporate Affairs Commission.

“Gbadamosi is a low-life impostor whose mischief and determination to bring down Redbrick Homes have become his life’s mission. However, he will not succeed because Redbrick Homes International Limited, Amen City Ltd, and Ashlead Estates are thriving and remain one of the leading and most credible property developers in Nigeria,” the insider source said.

Marriage certificate to new wife

Another company source questioned why Babatunde Gbadamosi “seems to have a dead conscience: This is a man who left his marriage only to impregnate and marry another woman. Did he really think he could destroy his marriage and also take possession of his wife’s properties? May God forgive him,” she said.

The source revealed that: “Gbadamosi was married to the said woman while still married to Sade. He cannot deny this because the marriage certificate is there for all to see. Infact, even me, I’ve seen the document. That man is very dubious , you know. He has the audacity to still be claiming Sade’s company assets as marital assets. Shouldn’t he be asking his current wife for upkeep or has she dumped him after discovering what a liar he is?” the source smirked.

Lawyers representing Redbrick Homes International Limited, Amen City Ltd, and Ashlead Estates, Babalakin & Co., have issued a press statement clarifying that Mr. Gbadamosi made false claims in every respect, as he had voluntarily relinquished his shareholding interests and resigned as a director in these companies since July 2021.

Babalakin & Co., representing Redbrick and Ms. Folasade Balogun, have refuted Mr. Babatunde Gbadamosi’s social media claim that Amen Estate and Amen Estate Phase 2 on Eleko Beach Road, Ibeju-Lekki, Lagos State, belong to him.

Sade Balogun: Chairman/CEO Redbrick Homes

Their statement reads:

“We are solicitors to Redbrick Homes International Limited (Redbrick), Amen City Ltd, Ashlead Estates Ltd (Ashlead), and Ms. Folasade Balogun (formerly Mrs. Folasade Gbadamosi). Our attention has been drawn to a social media post authored by Mr. Babatunde Gbadamosi.

“In his post, Mr. Gbadamosi claims that Amen Estate and Amen Estate Phase 2 of Eleko Beach Road, Ibeju-Lekki, Lagos State, are assets of Redbrick and Ashlead. He further states that these companies belong to him and Ms. Balogun. This information is entirely false, and we advise the public to ignore it.

“Mr. Babatunde Gbadamosi voluntarily relinquished his entire shareholding interest in Redbrick and Ashlead and resigned as a director of these companies as far back as July 2021 under a notarized legal instrument. He has no interest whatsoever in these companies or any of their assets, including Amen Estate, Amen Estate Phase 2, TIARA, Emerald Bay, Emerald Park, and Amen City.

“His resignation and shareholding relinquishment have been duly filed with the Corporate Affairs Commission and are available for public verification. None of these assets are listed as ‘marital assets’ in the ongoing litigation between Mr. Babatunde Gbadamosi and Ms. Sade Balogun.”

It is also worth recalling that on February 26, 2022, Redbrick Homes management published a notice in Punch to clarify to all investors and potential investors that Mr. Babatunde Olalere Gbadamosi is no longer associated with Redbrick Homes International Ltd or its real estate projects.

“For clarity, Mr. Gbadamosi, a full-time politician, was once a passive partner and shareholder, without any financial investment, and one of the directors of Redbrick Homes International Ltd. He has since voluntarily transferred all his shares and resigned from its board as of July 1, 2021.

“The board composition, shareholding structure, and share capital of Redbrick Homes International Ltd have completely changed. Ms. Folasade Balogun remains the Chairman and Chief Executive Officer, a position she has held since the company’s inception. Under her leadership, Redbrick Homes International Ltd continues to deliver quality service to its customers without interruption.

These facts can easily be verified at the Corporate Affairs Commission,” the public notice concluded.

Meanwhile customer said “Babatunde Gbadamosi keeps nagging us non stop privately via WhatsApp chats. This is a ridiculous invasion of privacy. At first, it was trying to get us to buy some land he claimed to own at Sangotedo. And now it’s to keep making ludicrous allegations against his ex-wife who has moved on. Why can’t he leave us alone? Why can’t he also move on and leave us out of all these? I thought he remarried and just had a new baby!” An exasperated staff exclaimed!

Continue Reading

Cover Of The Week

Trending