Two Nigerian fraudsters, Tobilola Ibrahim Bakare and Alimi Seun Sikiru have 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.
1st News learned that the forfeited assets by EFCC 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 four-bedroom semi-detached duplex situated at Ologolo, Jakande, Lekki, Lagos, 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 to the EFCC as they could not give a 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 $1million USD from victims; including three foreign airlines through Business Email Compromise fraud. They laundered the proceeds of crime in acquiring properties; including real estate as well as luxury vehicles.
Their problem began in September 2020, when Operatives of the EFCC, 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.
The second defendant, in his statement to the EFCC, admitted that the majority of the funds found in his account were 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 fraudsters were subsequently arraigned before Justice O. A Taiwo of the Lagos State High Court, Ikeja; on a five-count amended charge bordering on conspiracy and retaining stolen property; an offence contrary to Sections 411 and 328 of the Criminal Law of Lagos State.