Lagos: Police secure forfeiture order in alleged N8.58bn fraud case

The Police Special Fraud Unit, PSFU, has obtained a tribunal bid for the forfeiture of assets and slope accounts linked to an alleged N8.58 cardinal fraud involving a exertion firm, 2 companies and 3 individuals.

The improvement was confirmed on Monday in Lagos by the spokesperson for the unit, DSP Ovie Ewhubare.

According to him, the forfeiture bid was granted by the Federal High Court successful transportation with allegations bordering connected conspiracy, obtaining wealth nether mendacious pretences, fraudulent conversion, stealing and wealth laundering.

Ewhubare identified the affected entities and individuals arsenic Plaude Technologies Ltd, Omberra Commodities Ltd, Olatomiwa Idowu, Osikoya Joshua and Ibunkunoluwa Adebayo, alongside respective slope accounts allegedly connected to the transactions nether investigation.

He explained that the probe commenced aft the portion received a petition from a fiscal instauration accusing the suspects of securing funds done alleged fraudulent representations and deceptive concern arrangements.

According to the police, operatives laun...