70-yr-old man Nabbed By EFCC Over N42m shares scam

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Adebola Asiwaju

The Economic and money Crimes Commission, EFCC, is presently interrogating a 70-year-old man, Adebola Asiwaju, WHO is allegedly a member of a disreputable fraud syndicate, that makes a specialty of fraudulently marketing of unsuspecting investors’ shares. The suspect, WHO was inactive by police and handed  over to EFCC, met his Waterloo once he allegedly tried to fraudulently sell the shares of 1 Olalere Sunday Oladosu.

Spokesman of EFCC, Wilson Uwujaren, same during a statement that the suspect allegedly solid documents and opened a checking account during a new generation bank, with the name of “Olalere Sunday Oladosu.”

“His accomplices ar still at giant. different names that Asiwaju has employed in fallacious shares’ sale embrace Babajide Odunso and Chief Bolaji poet.

“The suspect are going to be arraigned in court as shortly as investigation in complete,” the EFCC scribe supplementary.

According to Uwujaren, the suspect proceeded to instruct dockage Securities, a securities firm, to get rid of one.7 million units of the same shares valued at N42 million and remit the income to the account he opened with the new generation bank.

The EFCC additional disclosed that the scam was exposed once routine checks by employees of dockage Securities disclosed some discrepancies within the documents given by the suspect and also the ones the real owner of the shares had filed with the defunct intercontinental  Securities restricted.Uwujaren explained that the suspect was neck deep in stealing shares of unsuspecting investors and marketing them.

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