N900m Fraud: SFU Opens Evidence Against Syndicate

The Special Fraud Unit (SFU) of the Nigeria Police Force on Tuesday opened evidence in the trial of a seven- member syndicate which allegedly defrauded customers of First City Monument Bank (FCMB) of N900 million.
The Tide source reports that the case is before Justice Oluwatoyin Taiwo of an Ikeja Special Offences Court.
The members of the alleged syndicate are:  Gideon Oluwatimilehin, Abiodun Aina, Samuel Adenitire, Oluwasegun Daliu, Olaitan Ajibola Sheu, Moyosore Sulaimon and Adeyinka Akinjinrin.
They are facing a four-count charge bordering on conspiracy to defraud, unauthorised modification of FCMB computer materials and software, and stealing of money.
During Tuesday’s proceedings, prosecution team led by Mr Benedict Bennett called its first witness, Insp Shuaib Jeremiah.
The witness, an investigator with the Nigeria Police Force, told the court that the alleged crime was committed in three stages across Abuja, Lagos and Akure.
He said that the defendants pulled off the heist simultaneously in March 2018 and stole  more than N300 million from the FCMB in the three places.
The investigator said that as soon as the police began investigations into the alleged fraud, all the accounts of the beneficiaries across the country were blocked.
“The development led to the arrest of one Ashiru Mohammed, a cart pusher in Sokoto, who mentioned the first defendant, Gideon Oluwatimileyin.
“Mohammed’s statement to the police revealed that the first defendant, in a bid to make him part with his ATM card, lured him with N60,000 which was paid into his bank account in three tranches,” Jeremiah said.
He said that it was through the cart pusher that investigators were able to obtain the mobile number of Oluwatimileyin which led to his arrest.
Jeremiah said that Olaitan Ajibola was arrested in Gbagada, Lagos.
He said that Ajibola, in a statement to the police, said that he gave his Autmated Teller Machine (ATM) card to Sulaiman, the fifth defendant, in Egbeda, Lagos.
“During investigation, the police found out that Sulaiman used the proceed of the fraud to purchase exotic cars found in his car mart,” he said.
The witness said that one Samuel was arrested in Akure but he had jumped bail.
“All the defendants were arrested through a statement of each member of the syndicate revealing the role of one another.
“They all voluntarily provided statements to the police,” he said.
The Tide source reports that according to prosecution, the defendants committed the offences alongside others who are now at large, in  March 2018.