The Economic and Financial Crimes Commission,
EFCC, is currently interrogating a 70-year-old
man, Adebola Asiwaju, who is allegedly a member
of a notorious fraud syndicate, that specializes in
fraudulently selling of unsuspecting investors’
shares.
The suspect, who was arrested by police and
handed over to EFCC, met his waterloo when he
allegedly attempted to fraudulently sell the shares
of one Olalere Sunday Oladosu.
Spokesman of EFCC, Wilson Uwujaren, said in a
statement that the suspect allegedly forged
documents and opened a bank account in a new
generation bank, with the assumed name of
“Olalere Sunday Oladosu.”
“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,” the EFCC scribe
added.
According to Uwujaren, the suspect proceeded to
instruct Marina Securities, a brokerage firm, to
dispose of 1.7 million units of the said shares
valued at N42 million and remit the proceeds to
the account he opened with the new generation
bank.
The EFCC further disclosed that the scam was
exposed when routine checks 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.Uwujaren explained that the suspect was
neck deep in stealing shares of unsuspecting
investors and selling them.
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