A Kogi state politician arrested identified as Ismaila Yusuf Atumeyi has been arrested for allegedly masterminding the theft of over N1.4billion from a bank.
The Economic and Financial Crimes Commission (EFCC) who arrested the Kogi State House of Assembly candidate discovered N326 million and $140,500 cash with him.
Atumeyi, who is the candidate of the New Nigeria Peoples Party (NNPP) seeking to represent Ankpa 11 constituency in the state house of assembly, was arrested on sunday, October 30, 2022 alongside one Joshua Dominic, an alleged serial fraudster.
EFCC’s spokesperson, Wilson Uwujaren in a statement revealed that a former bank employee known as Abdumalik Femi was the inside man for the job.
He disclosed that the suspects were arrested in a sting operation at Macedonia Street, Queens Estate, Karsana, Gwarinpa in Abuja.
“He (Femi) was picked up Tuesday, November 1, 2022, at Radisson Blu Hotel in Lagos. Following his arrest, a search was conducted on his home in Morgan Estate, Ojodu where a total of $470,000
USD was recovered.
The arrest of the suspects followed months of investigation into the hacking of one of the commercial banks by a syndicate of fraudsters who pulled off a heist of N1.4billion.
The syndicate allegedly moved N887 million into the account of Fav Oil and Gas limited, from where the monies were paid to several Bureau de Change operators and some auto dealers for exchange into United States Dollars and purchase of high-end cars”
“Dominic, a self-styled investment expert and managing director of Brisk Capital Limited was arrested in May 2021 by the Special Fraud Unit of the Nigeria Police for alleged N2billion investment scm. He allegedly defrauded over 500 persons in a phony investment scheme.
Two Range Rover Luxury SUVs were also recovered from the two suspects arrested in Abuja. They will be charged to court as soon as the investigation is concluded,”
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