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Yahoo criminals forfeit over N200m, luxury cars, and Lekki properties worth N260m to FG

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Judgment day finally came for two Nigerian fraudsters, Tobilola Ibrahim Bakare and Alimi Seun Sikiru as they lost cash and properties in the upscale Lekki axis of Lagos to the Federal Government following their arrest and prosecution by the Economic and Financial Crimes Commission, EFCC.

The forfeited assets include the sums of N196, 741, 216.82 and N7, 054, 852.01 in bank accounts; two vehicles, a Mercedes Benz E500 and a Toyota Hilux 2020. Others are; five-bedroom duplex situated at Ibrahim Eleto Street, Osapa London, Lekki, Lagos, a fofour-bedroom semi-detached duplex situated at Ologolo, Jakande, Lekki, Lagos a, and another four bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron Alternative Road, Lekki, Lagos.

The two vehicles are valued at N30million while the three duplexes are valued at N230million. The fraudsters gave up the assets as they could not give saa satisfactory explanation of the funds and properties linked to them. They confessed to involvement in cybercrime. Bakare, 27, an indigene of Ijebu Ode, Ogun State claimed his forte is Business Email Compromise, and that he had hacked into different companies outside the shores of Nigeria.

The scammers had been successful in their ignoble trade, earning a cumulative sum of $USD 1millionfrom from victims including three foreign airlines through Business Email Compromise fraud. They laundered the proceeds of crime in acquiring properties including real estate and luxury vehicles.

Their problem began in September 2020, when Operatives of the Commission, in the course of investigating a case of suspicious transactions and money laundering involving one Kehinde Adelakun, a convicted internet fraudster, stumbled on evidence linking Alvine International Resources Ventures, owned by the second defendant, Sikiru.

The transaction that sets off the alarm bell was an inflow of N5million in two tranches from Alvine International Resources Ventures.
Further probing by the investigators, revealed several inflows suspected to be proceeds of unlawful activities in two accounts of the second defendant. The balance in both accounts: N196, 741,216.82 and N7, 054,852.01, were swiftly placed on a Post No Debit, to forestall dissipation of the funds pending the conclusion of investigation and determination of the case.

The second defendant, in his statement to the Commission, admitted that the majority of the funds found in his account was from the first defendant, Bakare, who confessed to being into Business Email Compromise, BEC, between 2009 and 2020 and also hacking into the accounts of KLM, Turkish Airlines and British Airways.
The fraudster was subsequently arraigned before Justice O. A Taiwo of the Lagos State High Court, Ikeja on fa I’ve-count amended charge bordering on conspiracy and retaining stolen property, an offense contrary to Sections 411 and 328 of the Criminal Law of Lagos State.

One of the counts reads: “Tobilola Ibrahim Bakare and Alimi Seun Sikiru, sometime in 2020 in Lagos, within the jurisdiction of this Honourable Court, conspired to commit felony to wit: retaining cumulative sum of about $1,000.000,00( One Million United States of America Dollars ) property of KLM, Turkish Airways and British Airways.”

Another count reads: “Tobiloba Ibrahim Bakare and Alimi Seun Sikiru, sometime in 2020 in Lagos, within the jurisdiction of this Honourable Court, with a dishonest intent, retained four-bedroom detached duplex situated at Ologolo Jakande, Lekki, Lagos.”

They pleaded ‘guilty’ to the charges preferred against them. Delivering judgment, Justice Taiwo noted that the action of the defendants was “responsible for giving Nigeria a bad image globally, whereby the average Nigerian is looked upon as being untrustworthy and fraudulent”. She convicted and sentenced Bakare, to three years imprisonment on counts 1, 2, 3, 4, and 5, with the option of a fine of N3m (Three Million Naira).

The Judge also convicted and sentenced Sikiru, to three years imprisonment on counts 1 and 5 with an option of a fine of N1 million (One Million Naira).

Justice Taiwo also held that the five-bedroom duplex situated at Ibrahim Eleto Street Osapa London, Lekki, Lagos, four-bedroom semi-detached duplex situated at Ologolo, Jakande, Lekki, Lagos a, and another four bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron Alternative Road, Lekki, Lagos recovered from the first defendant be forfeited to the Federal Government.

The Judge further held that the sums of N196, 741, 216.82 were covered from the second defendant’s company, Alvine International Resources Ventures account domiciled in a Bank and N7, 054, 852. 01 recovered from the second defendant’s account domiciled in a Bank be forfeited to the Federal Government.
Two vehicles, a Mercedes Benz E500 and a Toyota Hilux 2020 recovered from the first defendant were also ordered forfeited to the Federal Government.

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FRSC Warns Against Night Travelling Over Insecurity, Bad Roads.

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The Federal Road Safety Corps (FRSC) has advised against traveling by night, citing the deplorable state of most federal roads and increasing insecurity across the country.

The News Agency of Nigeria (NAN) says the FRSC Sector Commander in Kogi, Solomon Agure, made the assertions in a statement on Monday in Lokoja.

Canvassing against overspeeding, Mr. Agure said no good road experience could come out of speeding, overloading, use of phone while driving, use of mechanically deficient vehicles, failure to use a seatbelt, and safety crash helmet, and several other road use infractions.

Mr. Agure said arrangements had been made for the commencement of 2021’s Ember Months and Operation Zero Tolerance to Road Traffic Campaign in Kogi.

He said that the campaign would be carried out under the theme: “Maintain Safe Speed, Avoid Night Travels And Enjoy Quality Road Experience”, and that the safety corps would be on the lookout to enforce strict compliance to laws and orders on the highways.

Mr. Agure said there would be high visibility of the corps on the roads across the state toward achieving the goals of the operation from now till the middle of January 2022.

He said that the command was planning to deploy over 800 personnel, 20 patrol vehicles, four ambulances, and heavy tow trucks for control of traffic.

“It aims at ensuring route lining, clear obstruction and responds to distress calls for all to have maximum road use experience during and after the p, period,” he said.

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BREAKING NEWS: Update Facebook, WhatsApp, And Instagram Creak Back To Life After Unprecedented Outage.

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Users were unable to access Facebook and Instagram late on Monday evening, but many still faced problems on WhatsApp.

Facebook has issued an apology for the outage which impacted the social media giant, along with Instagram and WhatsApp, for several hours late on Monday.

Facebook Engineering said in a statement on Twitter: “To the huge community of people and businesses around the world who depend on us: we’re sorry.

“We’ve been working hard to restore access to our apps and services and are happy to report they are coming back online now. Thank you for bearing with us.”
The platforms had confirmed on Twitter they were aware of issues and worked to resolve them after thousands of people reported outages shortly before 5 pm on 5 days.

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Photo Speak: O’oduaa 26th Cultural Day Ken Poly Chapter.

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