EFCC Arrests Mike Obasuyi Over N11.4 Billion Alleged Fraud ..Purchase 20 Properties 137 Cars

A case of Cyber Crime, Fraudulent diversion and Money Laundering
Mike Obasuyi Arrested Over N11.4 Billion Fraud 

The Economic and Financial Crimes Commission, EFCC, on April 11, 2018 arrested
Mike Obasuyi of Smartmicro Systems Limited, who allegedly diverted the sum of N11, 498, 904, 038. 29 (Eleven Billion, Four Hundred and Ninety Eight Million, Nine Hundred and Four Thousand and Thirty Eight Naira, Twenty Nine kobo) only.

Investigation has revealed that he alledgedly purchased 20 (twenty) properties, 137 vehicles and a warehouse from the priceed of the crime; while various sums of about N2, 903, 727, 563.92, $37992.87 and £18, 538. 09 were discovered in his companies and personal accounts domiciled in various banks.

He would be charged to court as soon as investigation is concluded.

Source :EFCC


Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

Previous Post Next Post

نموذج الاتصال