Connect with us

Crime

EFCC Arraigns Forex Broker Over Alleged N2bn Investment Scam In Uyo

Published

on

Economic and Financial Crimes Commission, EFCC,

 

The Enugu Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned one Rufus John Isip, a self-acclaimed forex broker before Justice C. S. Onah of the Federal High Court sitting in Uyo, Akwa Ibom State.

Isip was arraigned alongside his company, ITM-IT Resources Limited, on Friday, July 19, 2024, on an-eight-count charge bordering on fraudulent conversion, money laundering and obtaining by false pretence to the tune of N2,022,081,172 (Two Billion, Twenty-two Million, Eighty-One Thousand, One Hundred and Seventy-two Naira).

Count one of the charge reads: “That you, Rufus John Isip while being the Director of ITM-IT Resources Limited and ITM-IT Resources Limited sometime in December 2020 and May 2021 in Uyo, Akwa Ibom State, within the jurisdiction of the Federal High Court of Nigeria, with intent to defraud, obtained the sum of (N431,331,172.00) Four Hundred and Thirty-one Million, Three Hundred and Thirty-one Thousand, One Hundred and Seventy-two kobo from one Michael Okon, the Director of N-Rex Resources Limited under the false pretence that it is an investment in Vandera, an online investment platform, on his behalf, which pretence you knew to be false and thereby committed an offence contrary to Section 1 (1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the same Act”.

ALSO READ: BREAKING: EFCC Presents More Witness Against Fayose In Alleged N6.9bn Fraud Trial

In the same vein, count eight of the charge reads: “That you, Rufus John Isip while being the Director of ITM-IT Resources Limited and ITM-IT Resources Limited sometime between December 2020 and May 2021 in Uyo, Akwa Ibom State, within the jurisdiction of the Federal High Court of Nigeria, converted the total sum of (N730,870,000.00) Seven Hundred and Thirty Million, Eight Hundred and Seventy Thousand Naira to crypto currency (Bitcoin) and transferred same into your Binance Wallet knowing that the said money formed part of your unlawful act and you thereby committed an offence contrary to Section 15 (2) (d) of the Money Laundering (Prevention and Prohibition) Act, 2011 and punishable under Section 15 (3) (4) of the same Act”.

He pleaded not guilty when the charges were read to him.

In view of his plea, Khamis Mahmud, counsel to the EFCC prayed the court to remand him in EFCC custody on the grounds that “we are still investigating him on other cases”.

The defence counsel, Samson Ewuje however, did not pose any objection.

Justice Onah adjourned the matter to October 14, 2024 for trial and the defendant was remanded at the Uyo Zonal Directorate of the EFCC.

Isip was arrested based on a petition from one Michael George, alleging that he lured him to invest in his online trading platform called Vandora.io.

According to the petitioner, the defendant told him that it was more profitable to trade on his platform with a minimum trading capital of $100,000.00 (One Hundred Thousand Dollars) and that he would earn more profit if he involved more investors.

The petitioner thereafter invested, reached out to other investors and companies who also invested in the defendant’s phony online trading platform and after 60 days (as agreed) for the investors to start earning their profits, the defendant disappeared into thin air.

Crime

Man Docked For Alleged Non-Declaration Of Foreign Currency At Lagos Airport

Published

on

Economic and Financial Crimes Commission, EFCC,

One Agudosi Christopher Okechukwu has been arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice Yellim Bogoro of the Federal High Court in Ikoyi, Lagos, for allegedly failing to declare foreign currency at the Murtala Muhammed International Airport, Ikeja.

The EFCC, in a statement released on Wednesday by its Lagos Zonal Directorate 2, confirmed that Okechukwu was brought before the court on Tuesday, April 15, 2025, facing a two-count charge linked to money laundering.

“The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Tuesday, April 15, 2025, arraigned one Agudosi Christopher Okechukwu for alleged non-declaration of the sums of £8,020 (Eight Thousand and Twenty Pounds Sterling) and $704 (Seven Hundred and Four United States Dollars) before Justice Yellim Bogoro of the Federal High Court sitting in Ikoyi, Lagos,” the statement read.

READ ALSO: EFCC Issues Arrest Warrant For Socialite Aisha Achimugu

Investigations revealed that Okechukwu was apprehended by Nigeria Customs Service (NCS) officers at the airport in December 2024, after he allegedly failed to declare the foreign currency in his possession.

The EFCC said the defendant was later handed over for further interrogation.

“The defendant was arrested in December 2024 at the Murtala Muhammed International Airport, Ikeja, Lagos by operatives of the Nigeria Customs Service, NCS, for non-declaration to the tune of £8,020 and $704 and was subsequently handed over to the EFCC for further investigations,” the commission added.

One of the charges read during the court session stated:
That you, Agudosi Christopher Okechukwu, on the 10th day of December, 2024 in Lagos, within the Jurisdiction of this Honorable Court, failed to make a declaration of the sum of £8,020 (Eight Thousand and Twenty Pounds Sterling) to the Nigeria Customs Service at the Murtala Muhammed International Airport, Ikeja, and thereby committed an offence contrary to and punishable under Section 3(5) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

Okechukwu pleaded guilty to the charges. Following his plea, EFCC’s counsel, C.C. Okezie, called on operative Abubakar Magaji to present the facts of the case before the court.

While testifying, Magaji narrated how the defendant was initially arrested with £8,020 and $704 and later handed over to the anti-graft agency for further action.

“The NCS handed over the defendant to the Lagos Zonal Directorate 2 of the EFCC, Okotie Eboh, Ikoyi, Lagos for further investigation after he was arrested with the sum of £8,020 and $704,” Magaji told the court.

Magaji also informed the court that during questioning, Okechukwu admitted under caution that he had declared only £7,000 and omitted the £8,020 and $704.

“He further told the court that his statement was recorded under caution. He stated that he was arrested at the MMIA Airport with a total sum of £15,020 and $704.

“He also stated that he declared £7,000 and forgot to declare the sums of £8,020 and $704 on him.

“He said he did not make the declaration because he claimed to have suffered a loss and was going to bring back the corpse of his brother. He submitted the death certificate of his brother, his brother’s pictures and other documents,” Magaji added.

During the proceedings, Magaji identified the defendant’s statement, the handing-over note from the NCS, the arresting officer’s statement, and the recovered currencies. All items were tendered as evidence and admitted by the court.

“Thereafter, Magaji identified the defendant’s statement, the handing-over note from the NCS, the arresting officer’s statement as well as the sum of £8,020 and $704 to the EFCC,” the statement further read.

Justice Bogoro accepted the prosecution’s exhibits, which were marked P1 to P11.

“The prosecution counsel then sought to tender, in evidence, all the documents. Justice Bogoro admitted and marked them as exhibits P1-P11.”

The judge adjourned the matter till May 2, 2025, for judgment and ordered that the defendant be remanded at a Correctional Centre until then.

Continue Reading

Crime

Police Arrest Two For Alleged Vandalism At Defunct Aba Textile Mills

Published

on

Angry youths set Mortuary ablaze in Abia

Two men have been arrested by the police in Aba, Abia State, for allegedly vandalizing iron materials at the long-abandoned Aba Textile Mills, situated in the Eziama Industrial Estate.

The suspects, identified as Mr. Ndubuisi Okoronkwo and Mr. Innocent Mbam, were reportedly caught red-handed while cutting and dismantling iron rods from the roofing framework of the facility’s old structures.

Their arrest came after local security operatives, acting on suspicion, tipped off government authorities and the Rapid Response Squad (RRS), leading to swift action by the police.

READ ALSO: Otti Commends NDDC, Charges Team Abia To Dominate NDSF

During interrogation, both men allegedly confessed that they had been hired by one of the managers overseeing the textile mill, who authorized them to carry out the removal of the materials.

Meanwhile, business owners around the area claimed the illegal removal of materials from the premises has been ongoing unnoticed for quite some time.

“We’ve had our suspicions. The textile mill has been shut since 2000, yet trucks keep going in and out of the premises,” a concerned business owner said.

“Only the managers and their security personnel have access to the facility. So we alerted local security, and that’s how the arrests were made.”

When reached for comment, the Abia State Police Public Relations Officer, DSP Maureen Chinaka, acknowledged the inquiry but had yet to issue an official response at the time of filing this report.

Continue Reading

Crime

Oyo Police Arrest Three Over Hijacking Of Petrol-Laden Truck

Published

on

Three suspects have been arrested by the Oyo State Police Command in connection with the hijacking of a truck loaded with 45,000 litres of Premium Motor Spirit (PMS) along the Ibadan-Ijebu-Ode Road.

The confirmation was made on Sunday through a statement issued by the Police Public Relations Officer, SP Adewale Osifeso, in Ibadan.

He revealed that the stolen consignment belonged to NIPCO Petroleum Nigeria Limited.

READ MORE: Shun Protest, Report Suspicious Activities – Police To Ondo Residents

Osifeso explained that the police became aware of the incident in the early hours of April 5, 2025, following credible intelligence.

“On April 5, 2025, at approximately 1:00 am, the command’s Monitoring Unit received actionable intelligence regarding a hijacking incident involving a DAF truck with registration number Adamawa YLA 575 ZY on the Ijebu-Ode-Ibadan road,” he stated.

He further revealed that initial findings pointed to the involvement of an armed gang, describing them as “an armed group equipped with sophisticated firearms.”

In response, operatives from the Monitoring Unit were swiftly deployed to track the perpetrators.

Their investigation led them to a filling station at Odo-Ona Kekere, Ibadan, where the hijacked vehicle was located.

“Their efforts led to the discovery of the hijacked truck at the Lincoln Filling Station, Odo-Ona Kekere, Ibadan, where the suspects were in the process of syphoning the PMS,” Osifeso said.

Two suspects — Oyekunle Olaoluwa, 35, and another identified as Akanji Ladele, 51 (real name undisclosed) — were arrested at the filling station.

During questioning, the suspects named one “Femi” as the individual who handed the truck over to them, and who is believed to have coordinated the hijack.

“This revelation led to the identification and subsequent arrest of Basiru Azeez, 30, a pivotal figure in the operation who has since confessed to his role in orchestrating the hijacking and provided details on how the truck was diverted after the crime,” the statement added.

The police have assured residents that efforts are ongoing to identify and apprehend more members of the criminal network behind the incident.

Meanwhile, Osifeso called on members of the public to assist security efforts by promptly reporting any suspicious activity.

“The PPRO, therefore, charged members of the public to stay vigilant and report suspicious activities to the local police, emphasising that active participation is vital to the command’s collective effort in fighting against crime,” the statement concluded.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.