The house of scam on ibadan street ilupeju

A house developer has duped over 200 people of about 50 million naira in a matter that has generated media interest and the intervention of the EFCC. The 2-storey building in Ilupeju is a brown building on Ibadan street off Tinubu road, off Ilupeju Street, is a newly completed building with at least 15 flats. The developer known as Alhaji Hassan Lukman or Qulaj Homes or L A Chicago or Standard homes collected house rents from at least 200 people starting from 150,000 naira to as much as 1.4 million naira. Monday, 31st of August was meant to be the opening day where tenants would lay claim to their flats but unfortunately, more than 200 people converged to witness one of the biggest modern real-estate scams in Lagos. The developer, along with his team of Ahmed, Otunba e.t.c. absconded and coined the Ilupeju Policemen with the help of the RRS squad to deter touts from tearing the building down. They also paid Ilupeju Area Boys to work with the police and maintain peace and orderliness as the workers put finishing touches to the house.

Work is ongoing but all the flats have already been occupied by people who had links to the military, touts, police, government e.t.c. LagosMet.Com noticed even the crew from Sterling Bank did not stand a chance in the scam romance.

Now the highlights.
The developer “Hassan alias Chicago met the head of the family in a bid to demolish the old family bungalow and build a lucrative 2-storey on it and maybe collect rentals for 6 years before handing the property over to the family. LagosMet.Com was told that the family agreed to this, verbally, without signing any papers and the original documents are still with the head of the family. Most houses on Ibadan street belong to families (not one person). The developers practically collected money from people to fund the building project and had been doing this since October 2008. In a nut-shell, most of the money went into building the new house while some went into a similar project at a site not far from the present calamity. NTA and SuperScreen were at the site yesterday and it was on the news on TV last night.

This should serve as a warning as fraudulent people are still driving people to the site and collecting money from them, issuing fake receipts. The present list has been forwarded to the EFCC and Alausa, the Ilupeju Police could not offer much in terms of information but it is widely believed that he carried out the fraudulent acts with the connivance of some top Ilupeju police officers.

www.LagosMet.Com

Whether the house would be sold to pay back the funds of hundreds of stranded tenants remains to be seen but it looks like the only way out of this mess. As usual, this is another 55 million naira case that will last could last years before justice, if at all, is done. It has always been said several times. Patronise only Registered Estate Surveyors and Valuers for your housing needs, even a Lawyer is not a professional Property Manager recognised by the Institute of Estate Surveyors and Valuers. Don’t be a victim.

More from the net:

http://www.sunnewsonline.com/webpages/news/national/2009/sept/02/national-02-09-2009-14.htm

http://thepmnews.com/2009/09/17/fraudsters-take-over-real-estate-business

http://234next.com/csp/cms/sites/Next/News/Metro/Crime/5451529-147/story.csp

http://234next.com/csp/cms/sites/Next/News/Metro/Crime/1885367-147/Property_scammer_arrested___.csp

http://234next.com/csp/cms/sites/Next/News/Metro/Crime/5435760-147/House_scam:_Another_set_of_victims.csp

http://234next.com/csp/cms/sites/Next/News/Metro/Crime/5425074-147/Long_wait_besets_Egbeda_property_scam.csp

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EFCC Smashes ATM Card Cloning Syndicate

The aggressive campaign by the Economic and Financial Crimes Commission, EFCC against Automated Teller Machine (ATM) fraudsters recorded a major breakthrough last week with the arrest in Lagos, of three powerful members of a crack syndicate whose specialty is the cloning of ATM cards using Magnetic Card Reader/Encoder machine.

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From Left,Chris Okeke,Nicholas Egbo and Kelechi Aro with their instruments of fraud.
The trio, Chris Okeke, Nicholas Egboh and Kelechi Aro were smoked out of their hide out following series of investigations which started from Kano that fingered them as the arrow heads of the deadly gang that has been defrauding depositors of various banks through the ATM. They were arrested on the last floor of a two storey building in Alaba Suru, a suburb of Lagos. Six Laptop computers, the Card reader machine, Bank documents and several credit cards and ATM cards were recovered from the suspects. Also recovered is a Gulf 3 saloon car.

According to investigation, all the fraudsters needed to have access to the account of any bank depositor are the victim’s ATM and PIN numbers. Once they have that information, they would use card reader machine to print the numbers on any ATM card. Once that is done, they can use the card to withdraw money from the victim’s account without even knowing the account holder’s name.

It is believed that members of this syndicate belong to the group of fraudsters that have been sending scam mails and text messages in the name of Interswitch Nigeria, urging unwary debit card holders to upgrade their ATM cards by filing online forms which requires them to disclose their pin numbers. Those who fall prey to this scam lost millions of naira to the fraudsters.

During interrogation, Chris Okeke the ring leader whose father’s house was being used for the fraudulent group’s activities disclosed that the house belongs to his ailing father who had relocated to his village in Anambra State due to ill health and that all the items found in the house belonged to his accomplices. He further revealed that one Darlington, who is at large, is the owner of the machine and the Gulf car recovered from him. He claims that he was always staying in his room while Darlington and other members of the syndicate perpetrated the fraud in the living room.

But, 34 year old Nicholas Egboh debunked the claims of his co-traveler in crime. According to Nicholas, Chris knew much about the scam and benefited from the proceeds of the crime. Nicholas said he used to see different people coming to the house everyday and that he had warned Chris on several occasions that he would run into trouble. He disclosed that he was a trader in Onitsha, Anambra State and, that six months ago, his business collapsed and he relocated to Lagos in preparation for a trip to Egypt. He denied being a member of the syndicate, but one of the Laptop computers recovered in the house, belongs to him.

The third suspect, Kelechi Aro who wears a dreadlock also exonerated himself from the crime saying that he was a musician and a labourer. He said he relocated to the house of fraud two years ago from Ajegunle, another Lagos Suburb. But it was obvious that he was being economical with the truth as operatives caught him sending scam messages with one of the Laptop computers when he was arrested.

Interestingly, the report that triggered the arrest of members of this deadly syndicate originated from kaduna. A resident of that city had lodged a complaint with the Commission’s office in Kano to the effect that some fraudsters had pulled out some money from his account in one of the banks in the city. Investigators were able to trace the fraudsters to Surulere, Lagos through the Driver’s License used by the fraudsters to withdraw money from the said account. Consequently, Remilekun Ojolowo and Sherifat Aderomu, who have been admitted to administrative bail, were arrested. Upon interrogation they claimed to belong to a network of syndicates that specialize in ATM fraud and led operatives to the den of the fraudsters where the startling recoveries were made.

This latest discovery followed a similar one in port harcourt, Rivers state where EFCC operatives unveiled a set of bank officials who duplicate customers ATM cards to defraud them of millions of naira.
In the case of the Port Harcourt syndicate, one Ms. Cassandra Olaleye, a banker and her accomplice, Regal Horsefall were arrested by EFCC operatives following the discovery of the ATM fraud. The two suspects who have been working as partners since June 2008 withdrawing funds totaling about N12 million from a customer’s account, an account managed by Cassandra. Their journey to the EFCC net started when the customer gave a cheque of N4 million to someone and was told his account was already in the red. He went to the bank to verify and from his account statement, it was discovered that a lot of ATM withdrawals had been done on the account. The customer who was surprised as he has never used his ATM card before protested and the matter was reported to the EFCC Port Harcourt Zonal office.

After a careful study of the bank statement, operatives discovered that the money was drawn from an ATM machine located in the premises of a Hotel in Port Harcourt almost on a daily basis since July 2008. They visited the ATM Machine to see if it has a camera, but there was none. Luckily for them, the Hotel has a CCTV surveillance camera. The footages were rolled back and it was discovered that for almost two months, a particular red Toyota corolla car brings a lady to the machine to make withdrawals.

The number plate of the car was copied and a search for the vehicle began. After about two weeks of searching, the vehicle was discovered in a compound in Elekahia Housing Estate, in Rumoumasi area of Port Harcourt. Operatives went in and a lady (Regal Horsefall) who they suspected was the culprit from the CCTV footages was sighted. She was approached for questioning, but she said she has never gone to the hotel for any withdrawal. They asked her about the car and she said it belongs to her brother.

The operatives then arrested her. She was taken to the EFCC office where a call was put through to the supposed brother who came immediately and said she was not his sister but his girlfriend who goes to the ATM machine located in the hotel. He took the Operatives to her house where she agreed that she made the withdrawals. She was arrested and during interrogation, she said it was Cassandra Olaleye that gave her the ATM card to do the withdrawals for her. It was discovered later that the ATM point in the hotel premises was chosen because the culprits noticed it didn’t have a camera on it.

Operatives contacted Cassandra Olaleye who they discovered had moved from Port Harcourt to Calabar where she currently works with a different bank. She was subsequently arrested and brought to the EFCC Port Harcourt office where she initially denied all the allegations.

To solve the riddle, the two of them were brought together because Regal insisted that Cassandra gave her the card.

With the face off, what will solve the riddle was a deeper investigation. When eventually Cassandra was confronted with the heap of evidence already gathered by operatives in the course of investigation , she admitted all the allegations.

http://www.efccnigeria.org/index.php?option=com_content&task=view&id=689&Itemid=34

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Sanusi versus bank mismanagement

Disgraceful List of Oceanic Bank, Afribank, Finbank, Intercontinental Bank and Union Bank Debtors including Femi Otedola, Ibori, Arisekola, Ramanniya and all the “richest” men in Nigeria. This list released by the CBN also contains the amount owed. Please click on each picture to see a wider view.

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Would you rather have the Cedes

LAGOS, Corporate Corruption: Wonder why the naira has struggled to make an impact against the dollar? In the news today, the EFCC has moved to arrest all the Diamond Bank Managers involved in the International Passport – visa dollar fraud. Since banks are supplied hard dollars from CBN to be sold to people with Valid Visas and tickets, some Bank Managers used this opportunity to their advantage. These managers make photocopies of these documents to back up such transactions (they were reportedly apprehended with a couple of fake and original passports in their possession) and then sell the dollars at killer rate to the Black Marketers. The dollar which sold at 202 naira sometime in March had risen against the naira due to high demand resulting from artificial scarcity of the dollar in banks.

EFCC arrests Diamond Bank Managers over dollar fraud

It is worth noting that this could mark the end of the careers of these managers, at least in the Banking Industry. Hopefully, this development should strike fear into the minds of defaulters and we can start to dream of 120 naira to a dollar again. Maybe I can comfortably return to school, and prices of inflated items can fall (na dream?)

What determines the naira-dollar exchange rate?

Why’s the naira so weak against the dollar?

Ps: The second part of the Lagos Traffic Laws will be out unfailingly today.

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