Read the EFCC press statement below
A 70-year-old man, Adebola Oyewole Asiwaju, has been
arrested by the Economic and Financial Crimes Commission, EFCC, for allegedly
attempting to fraudulently sell the shares of one Olalere Sunday Oladosu.
To perfect the scam, the suspect allegedly forged documents
and opened a bank account in a new generation bank, with the assumed name of
“Olalere Sunday Oladosu”.
Then, he proceeded to instruct Marina Securities, a brokerage,
to dispose of 1.7million units of Zenith Bank shares valued at N42million and
remit the proceeds to the account he opened with the new generation bank.
The lid on the scam was lifted when a routine check by staff
of Marina Securities revealed some discrepancies in the documents presented by
the suspect and the ones the genuine owner of the shares had filed with the
defunct Intercontinental Securities Limited.
Consequently, the suspect was arrested by the Nigeria
Police, and later handed over to the EFCC for further investigation and prosecution.
The suspect is alleged to be neck deep in stealing shares of
unsuspecting investors and selling them for a commission. He is believed to
work for a syndicate and receives 10 percent of the proceeds of any “business”
that sails through. His accomplices are still at large. Other names that
Asiwaju has used in fraudulent shares sale include, Babajide Odunso and Chief
Bolaji Carew. The suspect will be arraigned in court as soon as investigation
in concluded.
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