EFCC Arrests Two for Alleged N768.5m Fraud

Operatives of the Lagos Zonal Office of Economic and Financial Crimes Commission, EFCC, have arrested two suspected fraudsters, Konne Israel Barieeba and Osuji Miracle Obieze, for obtaining money by false pretense to the tune of N768, 585, 000. 00 (Seven Hundred and Sixty-eight Million, Five Hundred and Eighty-five Thousand Naira).

The suspects, alongside Obialor Christian Worenwu (now at large), allegedly approached an investment company, Luxury Gold, for an investment loan facility. Subsequently, the sum of N110, 000, 000. 00(One Hundred and Ten Million Naira) was paid into the GTBank account of Barieeba, while the sum of N255, 000, 000. 00(Two Hundred and Fifty-five Million Naira) was paid into the First City Monument Bank account of Obieze.

The third suspect, Worenwu, who is at large, also received the sum of N403, 585, 000. 00(Four Hundred and Three Million, Five Hundred and Eighty-five Thousand Naira) in his GTBank account. The petitioner also alleged that the loans were to be repaid sometime in March 2021. However, all efforts by the petitioner to make the suspects repay the loans granted them proved abortive.

Investigations revealed that the suspects, who were arrested sometime in June 2021, diverted the money obtained from Luxury Gold for their personal use and also bought cars, jewelry, and landed properties.


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

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