EFCC bursts syndicate, nabs fraud kingpin

Posted by News Express | 27 June 2016 | 1,870 times

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The long arm of the law has again caught up with a suspected fraudster, Olu Adebanjo, who heads a syndicate that extorts money from people in the guise of clearing them of non-existent petition purportedly brought against them at the Economic and Financial Crimes Commission (EFCC).

The 45-year-old businessman was arrested on June 17, 2016 in a failed attempt to swindle Professor Julius A. Okojie, Executive Secretary of National Universities Commission (NUC), of N3 million to clear him of a purported corruption allegation.

The complainant (Okojie), who also alerted the commission of the activities of fraudsters impersonating him to defraud vice chancellors of various universities, was advised to play along.

Consequently, the suspect (Adebanjo) was arrested while trying to cash ‘the money’ from one of the new generation banks.

EFCC Head, Media & Publicity Wilson Uwujaren said: “He will be charged to court as soon as investigation is concluded.”

•Photo shows the suspect, Olu Adebanjo.

Source: News Express

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