Widely known within the social circles as the new Nigeria’s king of money, self-styled Osita David, of K.D.Likeminds has finally been unmasked by police detectives attached to the G7 Team, an arm of the Force Criminal Intelligence and Investigation Department, Alagbon Close, Lagos as a crook with multiple identities.
Dependable sources at the police apex criminal investigations unit informed our dog -eared correspondent that prior to the arrest of the suspect, the police at Alagbon had received various letters of complaints from the victims of the arrested alleged fraudster, detailing how Osita David had played the fast one on the Intelligence of many Nigerians.
The suspect’s mode of operation was to place advertisements at some public places informing Nigerians of the need for them to invest little money and get big dividends in 30 days.
While doing this, the suspect’s foot soldiers would be going around with handbills to smooth-talk individuals on the financial benefits accrued from such a business venture that takes little or no labour to harvest.
He reportedly told his victims that, his company was into “Estate Affairs, Bureau- de -change operations, Financial Affairs, Sand mining, Motor-parts, Agriculture and a host of other money-spinning concerns.
We exclusively gathered that Osita David, also known as King of money, was so fortunate in the non-existence scheme to the extent that, within a short period of time, thousands of gullible investors who swallowed his baits hook, line, and sinker started pouring in millions of naira.
While Osita David was smiling to the bank on daily basis, his victims waited patiently for the 30 days ultimatum for them to get returns on their investment that never came.
Beyond this, the suspect soon forgot his promise to the investors as he started acquiring state-of-the-art automobiles, choice properties across the states of the federation.
On the maturity date, he reportedly paid some dividends to those that were ready to make trouble in the event that the suspect reneged on his promise.
Continuing, the source said: ” before long, Osita David would tell other investors some cock and bull stories on why there had been a delay in the payments”.
When it becomes glaring that Osita was playing on their intelligence, they made complaints to the police at Alagbon, who stormed the suspect’s residence with a warrant of arrest.
On interrogation, the suspect told detectives that, he had made full preparations to jet out of the country but for their timely intervention.
Confirming the story to our correspondent, Mr.Galadanchi, an Assistant Inspector General of Police at the Force Criminal Intelligence and Investigation Department(FIID) Alagbon, Lagos said that, the suspect would be taken to court at the end of the investigation.
I was never in charge of maritime industry —Saraki
It could also be recalled that Amaechi had made a couple of visits to the Lekki deep seaport, even on a Sunday, before the presidential visit, none of which Saraki attended.
” Gbemi is also made of sterner stuff given her role in the “Otoge” political tsunami in Kwara which eventually swept off Bukola Saraki, her blood brother, from the political dominance in Kwara politics, a role which earned her the present position in the present dispensation.
“Today is my fifth week of assuming the leadership of the Ministry of Transportation”, she declared last week Friday in Lagos.
“We came to take stock of the sector. We had taken the stock of the Road sector,” she said.
Giving her summation of her findings at the end of the tour, she declared” Apapa and Tin Can ports are in terrible need of repairs.
“We will go and come back for repairs.
“We have the short, medium, and long-term plans for this. We need to start with rehabilitation here. Another problem here is power”
The Minister met various groups who are stakeholders in the industry.
Among them are women groups in maritime, terminal operators, stevedores, maritime workers union groups, haulage, and transport operators, maritime lawyers, freight forwarders, and maritime press.
We have political will to ensure CVFF is disbursed—-Saraki
The Minister of State for Transportation, Senator Rukayyat Gbemisola Saraki has expressed willingness to muster the necessary political will to ensure the controversial Cabotage Vessels Financing Funds (CVFF) are disbursed before she leaves office.
“In the course of this visit, I have also interacted with so many stakeholders, including the indigenous ship owners.
“It is really a shame that this fund has not been disbursed, I learnt the value is $350 million now and I am not sure any part of it is missing.
She added that the disbursement would follow the approval by the National Assembly after beneficiaries must have been shortlisted.
P&ID fraud : Court convicts, winds up Marqott Nigeria Limited.
Justice D.U Okorowo of the Federal High Court sitting in Abuja has convicted and wound up Marqott Nigeria Limited, one of the 30 companies associated with the Process and Industrial Development Limited, P & ID, for money laundering.
The company was convicted on Thursday, June 16, 2022, after being found guilty of four-count charges bordering on money laundering preferred against it by the Economic and Financial Crimes Commission, EFCC.
Count one of the charges read: “That you, Marqott Nigeria Limited, being a designated Non-financial Institution; and Giovanni Beccarelli, Valentina Fantoli, and Dimitri Duca, being directors of and signatories to the bank account of Marqott Nigeria Limited, sometime in September 2014, in Abuja, within the Abuja Judicial Division of the Federal High Court, failed to comply with the requirements of submitting to the Federal Ministry of Industry, Trade and Investment, a declaration of activities of Marqott Nigeria Limited contrary to Section 16(1) (f) read together with Section 5(1)(a)(ii) of the Money Laundering (Prohibition) Act, 2011(as amended and you thereby committed an offence punishable under section 16(2)(b) of the same Act.”
Count two read: “That you, Marqott Nigeria Limited, being a designated Non-financial Institution; and Giovanni Beccarelli, Valentina Fantoli, and Dimitri Duca, being directors of and signatories to the bank account of Marqott Nigeria Limited, sometime in September 2014, in Abuja, within the Abuja Judicial Division of the Federal High Court, failed to develop programs to combat money laundering and other illegal acts, to wit: failure to designate at management level a compliance officer within any strata of Marqott Nigeria Limited, contrary to Section 16(1)(f) read together with Section 9(1)(a) of the Money Laundering (Prohibition) Act, 2011 (as amended) and you thereby committed an offence punishable under Section 16 (2)(b) of the same Act”.
At the point of the first arraignment on February 7, 2022, the defendant pleaded “not guilty” to the charges, setting the stage for a full trial.
In the course of the trial, the EFCC presented many witnesses and tendered many documents as exhibits.
In his judgment, Justice Okorowo found Marqott Nigeria Limited guilty of all the four-count charges and convicted it accordingly. He also ordered that the company be wound up and its entire assets forfeited to the Federal Government of Nigeria.
Marqott was first arraigned on Monday, February 7, 2022, for being an accomplice in the $9.6bn Gas Supply and Processing Agreement between the Ministry of Petroleum Resources and P&ID.
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