Find the EFCC press statement below
A 70-year-old man, Adebola Oyewole Asiwaju,
has been arrested by the Economic and Financial Crimes Commission, EFCC,
for allegedly attempting to fraudulently sell the shares of one Olalere Sunday Oladosu.
To perfect the scam, the suspect allegedly forged documents and opened a
bank account in a new generation bank, with the assumed name of
“Olalere Sunday Oladosu”.
Then, he proceeded to instruct Marina
Securities, a brokerage, to dispose of 1.7million units of Zenith Bank
shares valued at N42million and remit the proceeds to the account he
opened with the new generation bank.
The lid on the scam was
lifted when a routine check by staff of Marina Securities revealed some
discrepancies in the documents presented by the suspect and the ones the
genuine owner of the shares had filed with the defunct Intercontinental
Securities Limited.
Consequently, the suspect was arrested by
the Nigeria Police, and later handed over to the EFCC for further
investigation and prosecution.
The suspect is alleged to be
neck deep in stealing shares of unsuspecting investors and selling them
for a commission. He is believed to work for a syndicate and receives 10
percent of the proceeds of any “business” that sails through. His
accomplices are still at large. Other names that Asiwaju has used in
fraudulent shares sale include, Babajide Odunso and Chief Bolaji Carew.
The suspect will be arraigned in court as soon as investigation in
concluded.
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