The Lagos State High Court in Ikeja has ordered the permanent forfeiture of choice assets retrieved from two convicted internet scammers to the federal government.
A statement issued by the Economic and Financial Crimes Commission (EFCC) said the trial judge, Oluwatoyin Taiwo, issued the order of forfeiture in her judgement convicting -Tobilola Bakare and Alimi Sikiru – of fraud on Monday.
EFCC’s spokesperson, Wilson Uwujaren, who signed the statement, said both men pleaded guilty to five counts of fraud,
Listed as part of the forfeited assets are the sums of N196.7 million and N7million totalling about N203.7 million in bank accounts.
They also include: two vehicles – a Mercedes Benz E500 and a Toyota Hilux 2020 – both of which are said to be valued at N30million.
The rest of the forfeited assets are three houses located in the upscale axis of Lekki, Lagos State.
One of the houses is a five-bedroom duplex situated at Ibrahim Eleto Street, Osopa London, Lekki, Lagos.
Another is a four-bedroom semi-detached duplex situated at Ologolo, Jakande, Lekki, Lagos.
The third house is another four-bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron Alternative Road, Lekki, Lagos.
EFCC which successfully prosecuted the defendants said the three duplexes are valued at 230 Million.
The defendants “confessed to involvement in cybercrime,” the statement said in part.
It added that while Mr Bakare, 27, an indigene of Ijebu-Ode, Ogun State, confessed to involvement in Business Email Compromise (BEC) between 2009 and 2020, hacking into different companies’ email accounts outside.
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EFCC said he hacked into the accounts of KLM, Turkish Airlines and British Airways.
The second defendant, in his statement to the commission , was said to have admitted that the majority of the funds found in his account were from the first defendant.
“The fraudsters gave up the assets as they could not give satisfactory explanation of the funds and properties linked to them,” the statement added.
They were subsequently arraigned before Mrs Taiwo of the Lagos State High Court, Ikeja on amended five counts of conspiracy and retaining stolen property, offences said to be contrary to Sections 411 and 328 of the Criminal Law of Lagos State.
The defendants pleaded guilty to the charges.
Delivering judgment, Mrs Taiwo noted that the action of the defendants was “responsible for giving Nigeria a bad image globally, whereby the average Nigerian is looked upon as being untrustworthy and fraudulent.”
She convicted and sentenced Mr Bakare to three years imprisonment on counts 1, 2, 3, 4 and 5, with the option of fine of N3m (Three Million Naira).
She also convicted and sentenced Mr Sikiru to three years imprisonment on counts 1 and 5 with an option of fine of N1 million (One Million Naira).