Fraudsters set up Jonathan/Sambo foundation, dupe over 100

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The Lagos State Police Command is investigating a case of fraud perpetrated by six men, who defrauded hundreds of people in Ketu area of the state.

According to police authorities, the suspects, Dr. Chris Ajakaiye, Atanda Johnson, Morenike Folarin, Ademola Atanda, Soledayo Akinnubunmi and John Ajagbe, set up a foundation at 15 Oluwalogbon Street, Ikosi, known as Goodluck/Sambo Foundation.

PUNCH Metro learnt that the suspects collected money from victims under the guise of keeping them in contact with the Presidency.

A resident of Ketu, who spoke to our correspondent on the condition of anonymity, said most of the victims were not residents of Ketu, which made it difficult for them to know that it was a fraudulent business

How oil dealers used ‘dead’ vessel to dupe Nigeria of N1.5bn

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Shocking details emerged, yesterday, of how four smart Nigerian oil dealers conspired and fleeced the nation of N1.5 billion in the name of supplying premium motor spirit (petrol) to the country.

The four suspects, Alhaji Saminu Rabiu, Jubril Rowaye, Alminur Resources Limited and Brila Energy, reportedly claimed to have used a vessel that had long been put out of circulation to ‘supply’ petrol to Nigeria under the scandalous fuel subsidy administration that made the nation to lose close to N2.3trillion in revenue in 2011.

But when the case against the four suspects opened, yesterday, at the Abuja High Court, an Economic and Financial Crimes Commission operative, confronted them with evidence that the so called ‘vessel’, which they claimed to have used in ‘supplying’ the fuel to Nigeria, was not in existence at the time they claimed it was used for transporting fuel to Nigeria.