Two Nigerian fraudsters who obtained about $1 million from three international airways by means of Enterprise E-mail Compromise (BEC) fraud have been convicted.
Tobilola Ibrahim Bakare and Alimi Seun Sikiru had been sentenced to a few years imprisonment by Justice O. A. Taiwo of the Lagos State Excessive Courtroom, Ikeja.
In September 2020, whereas investigating a case of suspicious transactions and cash laundering involving Kehinde Adelakun, a convicted web fraudster, the Financial and Monetary Crimes Fee (EFCC) found proof linking Alvine Worldwide Assets Ventures, owned by Sikiru.
A number of inflows suspected to be proceeds of illegal actions had been present in each the First Financial institution and Sterling Financial institution accounts of the Sikiru, the second defendant.
Sikiru, in his assertion, admitted that almost all of the funds present in his account had been from the primary defendant, Bakare, who confessed to being into BEC between 2009 and 2020 and in addition hacking into the accounts of KLM, Turkish Airways and British Airways.
The duo was subsequently arraigned on Monday, March 22, 2021, on a five-count amended cost bordering on conspiracy and retaining stolen property, an offence opposite to Sections 411 and 328 of the Legal Legislation of Lagos State.
Bakare and Sikiru had been additionally charged with dishonest intent for retaining a four-bedroom indifferent duplex located at Ologolo Jakande, Lekki, Lagos.
The defendants pleaded ‘responsible’ to the costs most popular in opposition to them.
The prosecution counsel, I. A. Mohammed, knowledgeable the court docket that their counsel, Hycenth Udu, had entered a plea cut price with the prosecution.
Justice Taiwo convicted and sentenced the primary defendant, Bakare, to a few years imprisonment on counts 1, 2, 3, 4 and 5, with the choice of a fantastic of N3 million.
The Choose additionally convicted and sentenced the second defendant, Sikiru, to a few years imprisonment on counts 1 and 5 with an choice of a fantastic of N1million.
Justice Taiwo held that the five-bedroom duplex located at Ibrahim Eletu Avenue, Osapa London, Lekki; 4 bed room semi-detached duplex located at Ologolo, Jakande, Lekki; and one other 4 bed room semi-detached duplex in Southern View Property, Mayor Courtroom, Chevron Different Highway, Lekki, recovered from the primary defendant be forfeited to the Federal Authorities.
The Choose additionally held that N196,741,216 recovered from the second defendant’s firm, Alvine Worldwide Assets Ventures account domiciled in Sterling Financial institution and N9,300,000 recovered from the second defendant’s account domiciled in Polaris Financial institution be forfeited to the Federal Authorities
Two autos, a Mercedes Benz E500 and a Toyota Hilux 2020, recovered from the primary defendant had been additionally ordered forfeited to the Federal Authorities.