The Lagos Zonal Commission for economic and financial crimes has detained a Philemon Ibrahim Gora for crimes bordering on money-making in Lagos on the basis of a false pretext, robbery, issuing of a double-checked check and money-washing for a total of N525 million.
The defendant allegedly obtained the amount of N525m from the traditional ruler, Kabiyesi Jacob Esan of Ijesa, State of Osun and owner of Liberitas Plc, through one of his front companies, Gracious Environ Workers and Planners of the company Nigeria Limited, with the assurance that he could have converted it into the UAE, Dirham.
He, however, reneged on the agreement upon receipt of the money.
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According to the EFCC, Investigation revealed that the suspect allegedly transferred the money to his various accounts as well as to some Bureau De Change operators, who have confirmed giving the suspect the Dollar equivalent of the money in cash.
It was further alleged that the suspect, through another of his front companies, N-PAS Nigeria Limited, deposited 41 Sterling Bank cheques of N10m each, totaling N410,000,000 in favour of the complainant’s company, Liberitas.
But the cheques were returned unpaid due to insufficient funds.
The suspect will soon be charged to court
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