Fraudsters Jailed Six Years Over $1m Scam of KLM, British, Turkish Airways Traced to Sterling and Polaris Bank
Two Nigerian fraudsters, Tobilola Ibrahim Bakare and Alimi Seun Sikiru have bagged six years imprisonment over alleged $1 million scam of three major airlines: British Airways, KLM and Turkish Airlines.
The duo, who also forfeited mega properties in upscale areas of Lagos and vehicles worth N260 million and N200 million in bank accounts to the federal government, were however given the options of fine of N3 million and N1 million respectively.
This followed their arrest and successful prosecution by the Economic and Financial Crimes Commission (EFCC).
THISDAY gathered that the forfeited assets include the sums of N196, 741, 216.82 and N7, 054, 852.01 in bank accounts, two vehicles, Mercedes Benz E500, Toyota Hilux 2020 and five bedroom duplex situated at Ibrahim Eleto Street, Osopa London, Lekki, Lagos; four bedroom semi-detached duplex situated at Ologolo, Jakande, Lekki, Lagos and another four bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron Alternative Road, Lekki, Lagos.
The two vehicles were valued at N30million while the three duplexes are valued at N230million.
The fraudsters gave up the assets as they could not give satisfactory explanation of the funds and properties linked to them.
They confessed to involvement in cybercrime. Bakare, 27, an indigene of Ijebu Ode, Ogun State, admitted involvement in Business Email Compromise (BEC) and admitted hacking into different companies outside the shores of Nigeria.
The scammers had been successful in their ignoble trade, earning a cumulative sum of $1million from victims including three foreign airlines through Business Email Compromise fraud.
They laundered the proceeds of crime by acquiring properties including real estate and luxury vehicles.
A source close to the investigation narrated how the anti-graft agency stumbled on the scam.
“Life was good, but their misfortune began in September 2020, when operatives of the commission, in the course of investigating a case of suspicious transactions and money laundering involving one Kehinde Adelakun, a convicted internet fraudster, stumbled on evidence linking Alvine International Resources Ventures, owned by the second defendant, Sikiru”, the source said.
It was further gathered that the transaction that set off the alarm bell was an inflow of N5million in two tranches from Alvine International Resources Ventures.
Further probing by the investigators, revealed several inflows suspected to be proceeds of unlawful activities in both the Sterling Bank and Polaris accounts of the second defendant.
The balance in both accounts including N196, 741,216.82 in Sterling Bank and N7, 054,852.01 in Polaris Bank, were swiftly placed on a post no debit to forestall dissipation of the funds pending the conclusion of investigation and determination of the case.
The second defendant, in his statement to the commission, admitted that majority of the funds found in his account were from the first defendant, Bakare, who confessed his involvement in Business Email Compromise (BEC), between 2009 and 2020 and also hacking into the accounts of KLM, Turkish Airlines and British Airways.
The fraudster were subsequently arraigned before Justice O. A Taiwo of the Lagos State High Court, Ikeja on five-count amended charge bordering on conspiracy and retaining stolen property, an offence contrary to Sections 411 and 328 of the Criminal Law of Lagos State.
One of the counts read: “Tobilola Ibrahim Bakare and Alimi Seun Sikiru, sometime in 2020 in Lagos, within the jurisdiction of this Honourable Court, conspired to commit felony to wit: retaining cumulative sum of about $1,000.000,00 (One Million United States of America Dollars) property of KLM, Turkish Airways and British Airways.”
Another count reads: “Tobiloba Ibrahim Bakare and Alimi Seun Sikiru, sometime in 2020 in Lagos, within the jurisdiction of this Honourable Court , with a dishonest intent, retained four-bedroom detached duplex situated at Ologolo Jakande, Lekki, Lagos.”
They pleaded ‘guilty’ to the charges preferred against them.
Delivering judgment, Justice Taiwo noted that the action of the defendants was “responsible for giving Nigeria a bad image globally, whereby the average Nigerian is looked upon as being untrustworthy and fraudulent.”
She convicted and sentenced Bakare, to three years imprisonment on counts 1, 2, 3, 4 and 5, with the option of fine of N3million.
The Judge also convicted and sentenced Sikiru, to three years imprisonment on counts 1 and 5 with an option of fine of N1 million.
Justice Taiwo also held that the five bedroom duplex situated at Ibrahim Eleto Street, Osopa London, Lekki, Lagos, four bedroom semi-detached duplex situated at Ologolo, Jakande, Lekki, Lagos and another four bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron Alternative Road, Lekki, Lagos recovered from the first defendant be forfeited to the federal government.
The Judge further held that the sums of N196, 741, 216.82 recovered from the second defendant’s company, Alvine International Resources Ventures account domiciled in Sterling Bank and N7, 054, 852. 01 recovered from the second defendant’s account domiciled in Polaris Bank be forfeited to the federal government.
Two vehicles, a Mercedes Benz E500 and a Toyota Hilux 2020 recovered from the first defendant were also ordered forfeited to the federal government.