Two convicted internet fraudsters, Tobilola Ibrahim Bakare and Alimi Seun Sikiru have lost cash and properties in the upscale Lekki axis of Lagos to the Federal Government. This followed their arrest and successful prosecution by the Economic and Financial Crimes Commission (EFCC) The forfeited assets include the sums of N196, 741, 216.82 and N7, 054, […]
Two convicted internet fraudsters, Tobilola Ibrahim Bakare and Alimi Seun Sikiru have lost cash and properties in the upscale Lekki axis of Lagos to the Federal Government.This followed their arrest and successful prosecution by the Economic and Financial Crimes Commission
They laundered the proceeds of crime in acquiring properties including real estate and luxury vehicles. “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: 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 Judge also convicted and sentenced Sikiru, to three years imprisonment on counts 1 and 5 with an option of fine of N1 million.
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