Bank Fraud: Kogi Assembly Candidate Arrested With N326m, $610,500 Cash

By :Sola Omoniyi

Kogi Assembly Candidate Arrested With N326m, $610,500 Cash

The Economic and Financial Crimes Commission (EFCC) has arrested a Kogi State House of Assembly candidate of the New Nigeria Peoples Party (NNPP), Ismaila Yusuf Atumey,i with N326million and $ 140,500 cash.

Atumeyi, who is seeking to represent Ankpa 11 Constituency in the State Assembly, was arrested on Sunday.

Spokesman of the anti-graft agency, Wilson Uwujaren, told News men that one Abdumalik Salau Femi, a former financial institution employee, was arrested in reference to the fraud alongside one Joshua Dominic, an alleged serial fraudster, in a sting operation at Macedonia Street, Queens Estate, Karsana, Gwarinpa, Abuja.

According to Uwujaren, Femi provided the internal facts that facilitated the attack on a financial institution by the syndicate.

“He (Femi) was picked up Tuesday, November 1, 2022, at Radisson Blu Hotel in Lagos. Following his arrest, a search was carried out on his home in Morgan Estate, Ojodu where a total of $470,000 USD was recovered.”

“The arrest of the suspects followed months of investigation into the hacking of one of the commercial banks by a syndicate of fraudsters who pulled off a heist of N1.4billion.

“The syndicate allegedly moved N887 million into the account of Fav Oil and Gas limited, from in which the monies were paid to several Bureau de Change operators and some car sellers for alternate into United States Dollars and buy of high-end cars,” he said.

The EFCC added that Dominic, who has severally been arrested for fraud, allegedly helped Atumeyi perfect the hacking plan through Abdumalik.

Uwujaren stated: “Dominic, a self-styled investment expert and managing director of Brisk Capital Limited was arrested in May 2021 by the Special Fraud Unit of the Nigeria Police for alleged N2billion investment scam. He allegedly defrauded over 500 individuals in a phony investment scheme.

“Two Range Rover Luxury SUVs were also recovered from the two suspects arrested in Abuja. They will be charged to court as soon as the investigation is concluded.”

editor

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