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    MarketForces Africa » MarketNews » $1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede

    $1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede

    Julius AlagbeBy Julius AlagbeAugust 29, 2024Updated:August 29, 2024 MarketNews No Comments1 Min Read
    $1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede
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    $1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede

    The Economic and Financial Crimes Commission (EFCC) has apprehended a four-man syndicate for allegedly impersonating and blackmailing its Chairman, Mr Ola Olukoyede, in a one million dollars fraud.

    The EFCC Spokesperson, Dele Oyewale, said this in a statement on Thursday in Abuja. He said the suspects were arrested on Wednesday at Gimbiya Street, Garki, and Apo Legislative Quarters, Abuja.

    Oyewale stated that the alleged fraudsters impersonated the EFCC Chairman and contacted a former Managing Director of the Nigeria Port Authority (NPA), Mr Mohammed Bello-Koko, for a deal.

    According to Oyewale, they claimed that Bello-Koko was implicated in fictitious EFCC investigative activities during his tenure as NPA MD.

    “The impersonators allegedly demanded one million dollars from Bello-Koko, threatening arrest and prosecution if he failed to comply.

    “Upon receiving intelligence about the impersonators, EFCC operatives were deployed to collaborate with the alleged fraudsters, leading to their successful arrest.

    “The suspects are currently in EFCC custody and will be charged to court once investigations are concluded,” he said. #$1m Fraud: EFCC Nabs Suspected Syndicate Impersonating Olukoyede Interest Rate on Nigerian Treasury Bill Spikes to 21.45%

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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