Photo: 70 year old man arrested for N42million Stock Fraud
A 70-year-old man, Adebola Oyewole Asiwaju, has been in remission by the Economic and money Crimes Commission, EFCC, for allegedly trying to fraudulently sell the shares of 1 Olalere Sunday Oladosu.
To good the scam, the suspect allegedly solid documents and opened a checking account during a new generation bank, with the alias of “Olalere Sunday Oladosu”.
Then, he proceeded to instruct dockage Securities, a brokerage, to eliminate one.7million units of celestial point Bank shares valued at N42million and remit the payoff to the account he opened with the new generation bank.
The lid on the scam was raised once a routine check by employees of dockage Securities discovered some discrepancies within the documents conferred by the suspect and also the ones the real owner of the shares had filed with the defunct intercontinental Securities restricted.
Consequently, the suspect was in remission by the African nation Police, and later two-handed over to the EFCC for any investigation and prosecution.
The suspect is imagined to be neck deep in stealing shares of unsuspecting investors and merchandising them for a commission. he's believed to figure for a syndicate and receives ten % of the payoff of any “business” that sails through. His accomplices ar still at massive. different names that Asiwaju has employed in deceitful shares sale embrace, Babajide Odunso and Chief Bolaji poet. The suspect are arraigned in court as presently as investigation in finished.
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