Lagos banker, Seven Others Arraigned For Alleged N710m Fraud

The Police Special Fraud Unit, Lagos, has arraigned a banker and 7 different defendants earlier than the Federal High Court in Lagos over an alleged N710m proof-of-funds fraud.

The defendants — Elvis Osazee Eghile, Egharevba MaryJane Osarieyekemwen, Precious Omonigho Irbhogbe, Aghatise Kelvin Uhuenkpoewen, Nweke Nnamdi Emmanuel, Obinyan Esther, Egharevba Emmanuel Osagioduwa and Emmanuel Obinyan Osenonome — have been arraigned on a 12-count cost.

The PSFU disclosed this in an announcement signed by its Public Relations Officer, DSP Ovie Kenneth Ewhubare, on Wednesday.

According to the police, the investigation adopted a petition to the Commissioner of Police over the alleged fraudulent disbursement of N710m positioned underneath Post-No-Debit restrictions throughout eight designated accounts.

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The investigation reportedly revealed that Osenonome, a banker and Senior Relationship Officer, allegedly conspired with Egharevba Emmanuel to acquire the cooperation and private identification particulars of different people. The particulars have been allegedly used to facilitate the opening of accounts suspected to have been used to launder the proceeds of the
crime

The police stated a forensic evaluation carried out by the Corporate and Public Accounts Fraud Section of the PSFU traced vital actions of the suspected proceeds to accounts linked to people allegedly linked with the principal suspect.

Those recognized included Nweke Nnamdi Emmanuel, Obinyan Ebehiemen Doris, a sibling of Osenonome, Egharevba Emmanuel Osagioduwa and Esther Olohitare Obinyan, Osenonome’s spouse.

The police stated a forensic evaluation carried out by the Corporate and Public Accounts Fraud Section of the PSFU traced vital actions of the suspected proceeds to accounts linked to people allegedly linked with the principal suspect.

Those recognized included Nweke Nnamdi Emmanuel, Obinyan Ebehiemen Doris, a sibling of Osenonome, Egharevba Emmanuel Osagioduwa and Esther Olohitare Obinyan, Osenonome’s spouse.

Further investigation allegedly revealed that cast or disputed proof-of-funds, indemnity and Post-No-Debit paperwork have been used to facilitate the alleged fraud.

The police stated property suspected to have been acquired with the proceeds of the alleged crime have been additionally recognized and traced.

They included a 2020 Lexus RX 350 valued at N25m, two Toyota Camry autos valued at N8m every, and a plot of land in Magodo Phase I, Lagos, reportedly bought for N40m.

The investigation additional revealed that a part of the suspected proceeds was allegedly used to satisfy private monetary obligations, fund playing actions, make investments N40m in CIBEX buying and selling, and set up and function a spa and wonder enterprise reportedly furnished with about N60m.

The Commissioner of Police, PSFU, CP Eloho Edwin Okpoziakpo, reaffirmed the unit’s dedication to conducting thorough, skilled and evidence-based investigations, significantly into complicated monetary transactions and suspected abuse of banking processes.

He stated the unit would proceed to pursue monetary crimes by way of lawful investigative procedures and be certain that related proof was correctly obtained, documented and introduced earlier than a reliable court docket.