At least three suspected fake Bureau De-change operators have been sentenced to various jail term for allegedly defrauding an operator of the sum of $1.5 million.
The suspects were alleged to have duped their victim identified simply as Alhaji Tayo, Managing Director of Dashad Bureau de- change of the said amount.
It was reliably gathered that the suspects perpetrated the fraudulent act through two companies named Kafisco Oil and Gas Ltd and M4 Connection Ltd in December 2014.
As learnt, the suspects,identified as Umem Amita, Isa Hassan, Mfom Inuinam,were sentenced to 10, 7,7 years jail term respectively without an option of fine by Justice Ibrahim Buba of the Federal High Court in Lagos, in suit number FHC/L/331C/2015.
They were said to have been convicted on June 28th 2018 in a trail that lasted three years.
The trail Judge was said to have also ordered that the two companies used to perpetrate the fraud were to be wind- up by the Federal Government in accordance with Section 1(3) and 10(2) of the Advance Fee Fraud and Other Fraud Related Offence Acts, 2001″.
The suspects were said to have been arrested and prosecuted by operatives of Special Fraud Unit (PSFU), Ikoyi for alleged conspiracy and obtaining money under false pretence following a petition by the victim.
In a release by the Public Relations Officer of Police Special Fraud Unit, PSFU, Deputy Superintendent of Police, DSP, Audu Lawal, made available to journalists, the petitioner had alleged that he was duped by the suspects in 2014 when he needed to $1.5 million for his client.
According to the release, the suspects had claimed to have the required amount of money upon enquiries by the victim.
” The suspects presented themselves as having enough dollars to sell to the victim, promising that the dollars would be made available when they receive the Naira equivalent of the money.
The victim subsequently paid about N800 million to the suspects for the equivalent of $1.5 million, but it turned out that the suspects do not have any dollar as claimed.
The suspects used the victims’ money to source for $500,000 dollars in black market which they paid to the victim and thereafter made away with the balance of 1million dollar”, the SFU spokesperson stated.
He stated further, ” Upon their arrest, investigation and the establishment of the facts of the case, the Chief Superintendent of Police (CSP) Emmanuel Jackson, charged the suspects for conspiracy and obtaining money by false pretence before Hon. Justice Ibrahim Buba of the Federal High Court in Lagos, in suit number FHC/L/331C/2015
The trial lasted for over three years, and on Thursday, June 28, the suspects were all found guilty by the Federal High Court, presided over by the Honorable Justice Ibrahim Buba, who pronounced sentence on them as follows: Umem, 10 years’ imprisonment without any option of fine; Hassan, 7 years’ imprisonment without option of fine; Iniuam, 7 years’ imprisonment without option of fine.
Also, Umem was also ordered by the court to pay $100,000 to the victim as restitution, while the two companies used to perpetrate the fraud were to be wound up by the Federal Government in accordance with Section 1(3) and 10(2) of the Advance Fee Fraud and Other Fraud Related Offence Acts, 2001″.