One Michael Osasogie Obasuyi who is the managing director of Platinum Multi-purpose Cooperative Society Limited has been arrested by the Economic and Financial Crimes Commission (EFCC).
According to Daily Trust, Obasuyi was apprehended over alleged offences bordering on conspiracy, cybercrime and money laundering to the tune of N 11.4billion.
It was reported that Obasuyi had written to the EFCC in March 2018 against a company, a mobile and electronic payment provider.
In response, the company wrote a counter petition agains Obasuyi who is also the manging director of Smartmicro Systems Limited.
It was reported that “the company configured an additional outbound fund transfer solution called “Fundgate” in 2017, which required Smartmicro to maintain a pre-funded settlement account with a first generation bank for settlement of account it had initiated”
“The company further alleged that the bank, sometime in March 2018, revealed that the settlement account was in debit of N11.4bn”
Obasuyi confessed to have committed the crime to the EFCC explaining that he “created fraudulent and imaginary monies through the aid of Fundgate financial application from the company.”
Wilson Uwujaren who is the spokesperson of the EFCC confirmed the development and said the suspect would soon be charged to court.
Meanwhile, the Economic and Financial Crimes Commission (EFCC) on Friday, January 26, 2018, secured the conviction and sentencing of two oil marketers, George Ogbonna and Emmanuel Morah, owners of Rocky Energy Limited.
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They were sentenced to eight years imprisonment by the court presided over by Justice Latifat Okunnu after they were found guilty of a 26-count amended charge of conspiracy, obtaining by false pretence and forgery.
The EFCC said the duo, alongside one Adamu Maula, owner of Downstream Energy Sources Limited, had been re-arraigned on April 1, 2014 on an amended 26-count charge bordering on conspiracy, obtaining money by false pretences, forgery, uttering and use of false documents to the tune of N789.6 million fraud.
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