The Police Special Fraud Unit (PSFU), Lagos, under the leadership of CP Eloho Edwin Okpoziakpo, B.Sc, MILD, records a significant milestone in its relentless fight against fraud. The Unit secured a forfeiture order from the Federal High Court in a case of conspiracy, fraudulent conversion, obtaining money by false pretense, stealing and money laundering of the sum of eight billion five hundred and eighty five million eight hundred and fifty two thousand three hundred naira (N8,585,852,300.00) against Plaude Technologies Limited, Omberra Commodities Limited, Olatomiwa Adebayo Idowu ‘M’, Osikoya Oladayo Joshua ‘M’ and Ibunkun Oluwa Boluwatife Adebabyo ‘M’and their various bank accounts linked to the alleged crime.
The investigation followed a petition received by the Unit wherein the complainant a financial institution, alleged that the suspects conspired and obtained the money under false pretense through several fraudulent designs and representation. Upon receipt of the petition; detectives of the Unit swiftly swung into action, deploying intelligence driven investigative strategies which extended to various financial institutions linked to the suspects, as well as the apex financial regulatory body in Nigeria. The investigation culminated in the discovery that Plaude Technologies Limited lacked the operational and financial capacity to fulfil its’ claimed obligations and representations made to investors and business partners. Investigations further revealed the involvement of one Osaretin Jonathan a Director in Plaude Technologies who launders money through multiple bank accounts.
Consequently, the Unit approached the court and successfully obtained a forfeiture order against the affected accounts and assets pending the conclusion of investigations. The Commissioner of Police, CP Eloho Edwin Okpoziakpo, B.Sc, MILD, commended the professionalism, diligence, and resilience of the detectives involved in the investigation, reiterating the commitment of the Police Special Fraud Unit to combating sophisticated financial crimes and safeguarding the integrity of Nigeria’s financial system.
DSP OVIE KENNETH EWHUBARE, anipr, ACArb.
PPRO PSFU LAGOS.