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Court Jails Cooperative CEO One Year For N2bn Fraud

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The Chief Executive Officer of Micheno Multi-Purpose Cooperative Society, Uno Eke, has been sentenced to one year in prison for conspiracy, obtaining property by false pretence, and money laundering amounting to N2bn.

This was disclosed in a statement by the Economic and Financial Crimes Commission on its verified X handle on Saturday.

The statement revealed that Eke was convicted by Justice Rosemary Oghoghorie of the Federal High Court in Calabar, Cross River State, after pleading guilty to four amended charges preferred against him by the Uyo Zonal Directorate of the EFCC.

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The statement partly read, “Justice Rosemary Dugbo Oghoghorie of the Federal High Court sitting in Calabar has convicted and sentenced the Chief Executive Officer, Micheno Multi-purpose Cooperative Society, Uno Michael Eke to 1-year imprisonment for conspiracy, obtaining property by false pretence and money laundering to the tune of N2bn.”

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The EFCC detailed the charges against Eke, with Count One stating: “That you, Uno Michael Eke (being the President/Chief Executive Officer of Micheno Multi-Purpose Cooperative Society); Registered Trustees of Micheno Multi Purpose Cooperative Society, MMCS, Aya Kanu Aya, (Alias Mbakara) being the Vice President of Micheno Multi-Purpose Cooperative Society (now at large), sometime between June and August 2018 in Calabar within the jurisdiction of this Honourable Court, conspired among yourselves to commit an offence to wit: obtaining property by false pretence and you thereby committed an offence contrary to Section 8 (a) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006 and punishable under Section 1(3) of the same Act’.”

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Another charge read, “That you, Uno Michael Eke (being the President/Chief Executive Officer of Micheno Multi-Purpose Cooperative Society), Registered Trustees of Micheno Multi-Purpose Cooperative Society, MMCS, Aya Kanu Aya (Alias Mbakara) being the Vice President of Micheno Multi-Purpose Cooperative Society (now at large), on or about the 12th day of July 2018 in Calabar within the jurisdiction of this Honourable Court, with intent to defraud, did obtain the sum of Two Million Naira (N2,000,000.00) from one Kubnse Ogar Ebute by inducing her to invest the money into your Swiss golden packages through your Micheno Multi-Purpose Cooperative Society Ltd under the false pretence of paying her 80% as return on investment on her principal sum on the 40th day of his investment, which you knew to be false and thereby committed an Offence contrary to Section 1 (1) (b) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1(3) of the same Act.”

READ ALSO: Court Orders Forfeiture Of Keystone Bank Controlling Share To FG

Eke pleaded guilty to the charges when they were read to him in court.

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The prosecution counsel, Joshua Abolarin, urged the court to convict him based on the charges, while the defence counsel, Ime Umanah, pleaded for a lighter sentence, citing a plea bargain agreement.

The judge, after considering the plea of the convict and evidence before the court, convicted and sentenced Eke to one-year imprisonment or an option of fine of N2m.”

Also, the convict was ordered to forfeit the following to the Federal Government of Nigeria: 12 flats of two bedrooms each located at Goodluck Jonathan bypass, Calabar, Cross River State, two plots of land (4.162 hectares and 3.391 hectares) both located at Adiabo Ikot Mboout Community Land, Odupkpani Local Government Area, Cross River State, two plots of land located at Akai Effa, Calabar Municipality, Cross River State and 18 self-contained flats (storey building), located beside University of Calabar, Ita-Agbor, Calabar, Cross River State and N10m recovered during investigation,” the statement further stated.

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READ ALSO: Court Remands Four For N12m SUV Theft

The court further ordered that all recovered funds be restituted to the victims of the fraud.

“Eke’s road to the Correctional Centre began when he was arrested for collecting huge sums of money from different unsuspecting victims with a promise of 80% return on investment within 40 days.”

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Investigations revealed that Eke operated multiple bank accounts where he received N2bn from his victims, which he then used to acquire landed properties and houses in Calabar.

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Fake Soldier Arrested For Defrauding Ondo Family Of N1.2m Retirement Benefits

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A 35-year-old man, Temigbe Adeola, has been arrested in Akure, the Ondo State capital, for allegedly impersonating a serving officer of the Nigerian Army and defrauding a family of N1.2 million, money belonging to the retirement benefits of the victim’s mother.

Adeola’s arrest followed credible intelligence that he had fraudulently obtained the funds from one Mr Temiloluwa.

This was disclosed in a statement issued on Thursday in Akure by the Police Public Relations Officer, DSP Olushola Ayanlade.

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According to the police, the N1.2 million represented part of the victim’s mother’s retirement benefits, which the family had invested in property.

READ ALSO:Soldiers Kill 80 Bandits In Kebbi Border Clash

Further investigations revealed that the victim’s son had approached Adeola for assistance in retrieving the funds, believing him to be a serving military officer.

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Exploiting the trust placed in him, the suspect, along with accomplices who are currently at large, deceitfully obtained the money and converted it to their own use,” Ayanlade said.

He added that the case showcases the importance of public vigilance and highlights the proactive steps taken by the police to safeguard citizens’ hard-earned resources.

Upon interrogation, Adeola reportedly confessed to the crime and admitted that he had been dismissed from the Nigerian Army in 2023 after serving with the 82 Battalion in Enugu.

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READ ALSO:Soldiers Dislodge Terrorists From Taraba Hideouts, Recover Weapons

His impersonation and involvement with other fugitives remain subjects of ongoing, professional investigation.

The police spokesperson confirmed that Adeola is currently in lawful custody and will be charged to court once investigations are concluded.

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He also noted that efforts are underway to track down the remaining accomplices, reaffirming the command’s commitment to ensuring that all individuals connected to the crime are brought to justice.

“The Ondo State Police Command remains steadfast in its mandate to protect lives and property. We urge residents to stay alert and report suspicious behaviour or individuals to the nearest police station.

“Under the strategic guidance of the Inspector-General of Police, the command will continue to strengthen intelligence-driven operations and uphold the highest standards of professionalism,” Ayanlade added.

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Two Suspected Motorcycle Snatchers Lynched In Benue

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Two suspected motorcycle snatchers were reportedly killed in Makurdi, the Benue State capital, on Friday.

The incident led to the recovery of stolen properties including over 1,000 motorcycles, sewing machines, grinding machines and other household items.

The recovered items were displayed by authorities for public identification as residents whose motorcycles or belongings were previously stolen were urged to visit the venue and check for their property.

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READ ALSO:Gunmen Assassinate APC Chieftain In Front Of His Family In Otukpo, Benue

Details surrounding the operation, including the security agency involved and how the suspects were apprehended, were not immediately provided.

There was also no confirmation on whether additional suspects were arrested or if investigations were ongoing.

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Residents who expressed relief over the recovery of stolen goods, were also apprehensive concerning the rise in motorcycle thefts and the general security situation in Makurdi.

Spokesperson of the Benue State Police Command, DSP Udeme Edet, could not be reached at the time of filling this report.

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Police, Military Comb Forests In Search For Abducted Niger Catholic School Students

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Security agencies comprising police tactical units, military components and others have launched a search for the abducted students of St. Mary Secondary School, Papiri Agwara Local Government Area of Niger State.

Terrorists had earlier invaded the school and went away with a large number of students and staff.

The Niger State Police Command, in a statement made available to DAILY POST by its spokesman, SP W. A Abiodun, said the incident occurred early hours of Friday.

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He said the armed men invaded the school premises at about 2:00 am and “abducted a yet to be ascertained number of students from the hostel”

Terrorists invade Catholic School in Niger, kidnap students, staff
“However, police tactical units, military components and other security agencies have moved to the scene, combing the forests with a view to rescue the abducted students.

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“In view of this, the Commissioner of Police Niger State Command CP Adamu Abdullahi Elleman reiterated the Command’s commitment to rescue the students unhurt, and appealed to members of the public to remain calm and support security operations to rescue the students,” the statement added.

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