EFCC arraigns 3 suspected impostors for N141.7m securities scam | Welcome to Linda Ikeji's Blog

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Monday 7 July 2014

EFCC arraigns 3 suspected impostors for N141.7m securities scam

The Economic and Financial Crimes Commission, EFCC, on Monday July 7, 2014 arraigned three suspects: Mohammed Rabiu (65 centre), Raphael Olorunfemi Okomoda (50 - left) and Adegbesan Theophilus (38 -right); before Justice Lawal Akapo of a Lagos High Court sitting in Ikeja on different criminal counts, all bordering on conspiracy, obtaining money by false presence, stealing, impersonation, forgery, using false document and money laundering. While Lawan was charged with 19-counts, Okomoda and Theophilus were charged with 7-counts each. Continue...




Mohammed Rabiu LawanRaphael Olorunfemi Okomoda
The defendants got into trouble, when they were arrested by operatives of the Commission, following a report of fraudulent sale of shares of two deceased shareholders who had shares in several blue chip companies including, Agip Nigeria Limited, Total Oil, Union Bank Nigeria Plc, Nestle Nigeria Plc, Mobil Oil Nigeria Plc, Unilever Nigeria Plc and Nigeria Breweries Plc.

The stocks originally belonged to Alhaji Shande Ako Dzungwe and Alhaji Isa Koto (both deceased) but were fraudulently claimed, converted and sold by the three defendants. Lawan allegedly forged identity cards, drivers licenses; school certificates and international passports of both Dzungwe and Koto, to perfect the scam.

The total value of shares converted and sold by the three defendants  was N141,652,951( One Hundred and Forty One Million, Six Hundred and Fifty Two Thousand, Nine Hundred and Fifty One Naira)

Mohammed Rabiu LawanRaphael Olorunfemi Okomoda
In view of their plea, prosecuting counsel, Fadike Giwa, prayed the court for a trial date and the remand of the defendants in prison custody. Giwa informed the court that she had filed a 22-paragraph counter-affidavit and a written address urging the court to deny the defendants bail in favour of accelerated hearing of the suit.

Counsel to the three defendants, J. H. Bashir, informed the court of his bail application and a written address, urging the court to grant the defendants bail. He specifically prayed the court to admit the defendants to bail "owing to their fragile health condition," but Giwa countered that the EFCC had been taking good care of the medical needs of the defendants.

Justice Akapo, after listening to both counsel, adjourned the case till July 8, 2014 for ruling on bail applications and ordered that the defendants be remanded in Kirikiri Maximum Prison, Lagos.
One of the charge reads: “Mohammed Rabiu Lawan (alias Shande Ako Dzungwe), Raphael Olorunfemi Okomoda, Adegbesan Theophilus and others (still at large) on or about the 16th day of May, 2013 at Lagos within the Ikeja Judicial Division with intent to defraud, conspired to obtain the sum of N11, 493,137.83 (Eleven Million, Four Hundred and Ninety Three Thousand, One Hundred and Thirty Seven Naira, Eighty Six Kobo) property of late Shande Ako Dzungwe”.

Another count read: “Mohammed Rabiu Lawan (alias Isa Koto) on or about the 16th of May, 2013 at Lagos within the Ikeja Judicial Division with intent to defraud posed as Alhaji Isa Koto and fraudulently instructed Fidelity Security Limited to sell 216,625 units of Guinness Plc shares valued at N44,092,048 (Forty Four Million, Ninety Two Thousand and Forty Eight Naira) and transferred the proceeds into a Fidelity Bank account you opened in the name of the said Alhaji Isa Koto and withdrew same”.

Wilson Uwujaren
Head, Media & Publicity
7th July, 2014

48 comments:

Anonymous said...

Look at dis old man ooo....o ma se o

Your No. 1 DATA Vendor Call/WhatsApp 09028450336 (Get Your Cheap & Affordable DATA on All Networks) said...

Things that people do for money#inmafikizolo'svoice#

BONARIO NNAGS said...

Fiat Justicia ruat cealum

~BONARIO~says so via NOKIA LUMIA

Anonymous said...

Ok na seen



XDON D DON

Unknown said...

a.k.a EDWIN CHINEDU AZUBUKO said...
.
Baba, so naso yu wan take leave this world bdat, digraced, wetin yu dey tell ur children and grand children...... thank God hw everything turnsout though....
.
.
***CURRENTLY IN JUPITER***

dhobiz said...

What greed can cause.

Anonymous said...

Na wah ooo fr dis lagos am sure dis people hv been doing dis paro since nt only dis one imagine that kind of money $ henhenhen. Tneyoth@yahoo.com

DOBY DOBY said...

D money plenty oo.. Thank God dey caught dem tho I dnt trust EFCC

DATE ME said...

Criminals Kawai!

Unknown said...

TOO BAD...

FOR WILL THEIR CHILDREN SAY/DO ABT DIS ACT.
.
.
.
.
.
Moye B

Olawale said...

when are we going to stop these.. it is in no way good for the image of the country. cmon.







Making N15k weekly isnt a bad idea. Anyone can be part of it. See for yourself. click here .

Unknown said...

Gud job EFCC

Anonymous said...

diaris God oo. patoswife@gmail.com

Anonymous said...

Jesus wooooo! See de 2nd man face lik wt I dnt knw. ekwuruibea@gmail.com

Unknown said...

Even dis old man dey do scam. Poverty don finish Nigerians. May God help us. I'm out ***CATCH ME IF U CAN***

Unknown said...

Hmmm see old man wey dey fraud.. Country hard ohh

Check my blog post PHOTOS: Meet The Lady Who Makes Millions Through Massaging Boobs...Click to view

Anonymous said...

Nawa. Chioma_kairo@yahoo.com

Anonymous said...

So grandpa is involve in fraudulent activities too, may God av mercy on Nigeria. U can't trust anybody this days

Anonymous said...

Even at this age. May God help us all. dadp007@yahoo.com

Anonymous said...

Nigerians with scam #bright bravo#

Riwo Adhuze said...

Let the court decide their fates.. riwo11@yahoo.com

Riwo Adhuze said...

Let the court decide their fates.. riwo11@yahoo.com

Faith Ogaga said...

As old as this man is ???

Anonymous said...

Very sharp men and clever move let them enjoy there money in jail
Breezy_p rocking MTNyellow
danabiaziem@gmail.com

Unknown said...

Chaiii this kind fraud me likey. Lols

Unknown said...

old dudes....but i still say efcc is chasing the wrong set of people

Anonymous said...

Indeed u die u go empty ended u can imagine the millions the deceased left behind on shares alone how much more other valuables, God have mercy on the people remaining on earth that if they die right now they got nothing to leave behind ( that's how critical some people's finance is). Hope the loot would be paid back to the deceased families... mmike9@yahoo.com

1st to comment

Unknown said...

Linda I appreciate ur efforts of fighting crime by sharing all these EFCC info thereby bringing caution 2 the general public. On ma personal opinion I think it's berra u share court outcome instead of promoting EFCC politics of sharing info on suspects even when they've not been a trial. Generally I luv ur work and contribution 2 our youths. OneKay

APPLE said...

THIEVES!

Unknown said...

Na waoooo!!! Ifeomatundeasolo.gmail.com

Unknown said...

Wonders shall never end....smh for some people

Unknown said...

Show of shame, even wit grey hairs. Too bad

ary said...

If I stole that sort of money, I would vanish from the face of the earth!

Anonymous said...

hmmm... nkemdirimeverista111@gmail.com

Omoba News Media said...

na waoh...just the way our old men have refused to leave politics for u, thats also how dey wanna partake of crime ni....lol.. http://www.omobar.blogspot.com

Anonymous said...

N c their faces. Pretex4luv@yahoo.com. 08063645540, anuty, mi email is nt functional at d moment.

Unknown said...

Nawa oooo
Mamamfunkky@gmail.com

Unknown said...

I'm telling u!! The very height of it!

Anonymous said...

Dat baba for middle nor respect im age?

Anonymous said...

na wa for this old man hmm...
love2nicee@yahoo.com

Anonymous said...

Greed nothing more than that!

Her Excellence said...

They should pity the old man and hold the other 2 men

Anonymous said...

With ds great-great grandpa.well now I blve in trust no ONE
@gracenot2001@yahoo.com

Amarachukwu. said...

See old papa wey still dey do 419...what greediness causes.

Amarachukwu. said...

See old papa wey still dey do 419...what greediness causes.

give urselves brain said...

things are happening..sometimes it jst feels to me like am living in anoda world and d peeps i hear doing all dis un=imaginable tinz prob lives in a different planet...i dey sweat..

Unknown said...

Foolish EFCC expose politicians una no gree expose dem...SMH FOR NIAJA USELESS COUNTRY AND 80% USELESS PPLE

Unknown said...

After dey wil say na only igbo pple lik money

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