{"id":70060,"date":"2023-03-15T20:19:49","date_gmt":"2023-03-15T19:19:49","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=70060"},"modified":"2023-03-15T20:19:49","modified_gmt":"2023-03-15T19:19:49","slug":"n1-6-billion-union-bank-fraudfcid-files-charge-against-five-suspects","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/n1-6-billion-union-bank-fraudfcid-files-charge-against-five-suspects\/","title":{"rendered":"N1.6 Billion Union Bank Fraud:FCID Files Charge Against Five Suspects"},"content":{"rendered":"<div class=\"H_1BObGP iz_FF\" data-test-id=\"message-group-content\" data-touch-scroll-enabled=\"true\">\n<div class=\"k_w jb_7ceA d_93qVS D_F ek_BB\">\n<div class=\"U_fq7 em_N\" data-test-id=\"message-card\">\n<div class=\"U_6MGW\">\n<div data-test-id=\"message-view-body\">\n<div class=\"msg-body P_wpofO iy_A\" data-test-id=\"message-view-body-content\">\n<div class=\"jb_0 X_6Fd5 N_6Fd5\">\n<div data-test-id=\"message-body\">\n<div id=\"yiv0852272739\">\n<div id=\"yiv0852272739\">\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883650052\">Federal Criminal Investigation Department of the Nigerian Police Force FCID Alagbon Ikoyi-Lagos south west Nigeria has filed three count charge of conspiracy and stealing of N1,626,139,795,12k belonging to Union bank of Nigeria Plc against five suspects, a Nigerian Mrs Obiageli Inuwa,four indian collaborators, namely,NIGLI KEVIN,SUNIL KUMAR HARI PRASAD,VOODI SUMAPRAKAS, and DHANUKA SUNIL KUMAR.<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678884837532\">The filing of the charge,was necessitated by a petition, written by the law firm of Anoka&amp;Associate on behalf of Union bank of Nigeria Plc to the office of the Inspector General\u00a0 Police complaining of fraud of N1,626,139,795.12<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678885135330\">In the said petition,it was alleged that<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678877600053\">Bharat Ventures Limited and <span id=\"yiv0852272739yMail_cursorElementTracker_1678877677332\">Triton Aqua Limited are sister companies registered\u00a0<\/span>in Nigeria for the purpose of importing frozen fish into Nigeria, Sometime in December 2017, Bharat\u00a0 Ventures Limited through her Directors applied and were availed an Overdraft credit facility of the sum of<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878014069\">(One Hundred Million Naira only) by Union bank Plc<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878139110\">By the terms of the overdraft facility,the repayment of the credit facility as agreed was to flow from the sales\/proceeds generated from the company&#8217;s operations.<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878082074\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876790315\">\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878291295\">The said Directors of the sister company also applied and obtained<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878351134\">an overdraft facility of the sum of N100,000,000.00 (One Hundred<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878376866\">Million Naira Only) for the purpose of purchasing feed and fingerlings for local production of fish.<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878389188\">As security for the Credit facilities, the Directors of Bharat Ventures Limited and Triton Aqua Africa Limited executed an All Asset Debenture over the Companies assets located at their operation sites at Kaduna, Oyo, Port Harcourt and Lagos.<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876790315\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878410391\">EXTENSION\u00a0 OF CREDIT FACILITY<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876790315\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878446281\">In course of Banker and Customer relationship within the tenor of the credit facilities granted to the Companies,The Directors of the Companies approached UNION BANK and requested for further credit facilities by way of extension of the existing credit facilities.<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878478630\">In furtherance of the Companies request, UNION BANK granted additional sum of N600,000,000.00 (Six Hundred Million Naira Only) to Triton Aqua Limited vide offer letter dated 05 August 2019 and the additional sum of N1,081,290,000.00 (One Billion Eighty One Million Two Hundred and Ninety<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678878530010\">Thousand Naira Only) vide credit offer letter dated 02 August 2019 to Bharat Ventures Limited.<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678888874203\">Bharat Ventures Limited indebtedness to the bank stands at the sum of N1 149,154,719.48 ( One Billion One Hundred and Forty Nine Million One Hundred and Fifty Four Thousand Seven Hundred and Nineteen Naira Forty Eight Kobo Only) as at 29th August 2019 and Triton Aqua Africa Limited is to the bank in the sum of N476,985,075.64 (Four Hundred and Seventy Million, Nine Hundred and Eighty Five Thousand, Seventy Five Naira Sixty Four Only) as at 29 August 2019.<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678888902293\">The Companies total indebtedness to the bank as at 29 August 2019 stood at the sum of NI,626, 139,795.12(One Billion, Six one hundred Forty Nine million one hundred and fifty four Thousand, seven hundred and nineteen kobo only) as at 29th August 2019 and Triton Aqua Africa Limited is indebted to the bank in the sum of N476,985,075.64 (Four hundred and seventy six million nine hundred and Eighty five thousand, Seventy five Naira Sixty four kobo only) as at 29thAugust,2019.<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678879185461\">The total indebtedness to the bank as at 29thAugust 2019 stood at the sum of N1,626,139,795.12 (One Billion,Six hundred and twenty six Million,one hundred and thirty nine thousand seven hundred and ninety five Naira,Twelve kobo Only)<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678879370790\">As part of measures to ensure that the proceeds of the fish, feeds and fingerlings for the repayment of the credit facilities, it was agreed\u00a0 by parties that stock monitoring agent shall be assigned to the companies business premises and in furtherance of that &#8220;Storing Limited&#8221; was\u00a0 appointed to monitor the sales at the companies\u00a0 business premises situate at 49 Apapa\/ Oshodi Expressway,Ijesha -Tedo,Lagos.<\/div>\n<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876790679\">\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876790679\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678879948990\">However the bank was shocked to discover on 20th of August,2019 that all the fishes and fish products stocked in the Company&#8217;s business premises in Lagos has been diverted away from the Companies Business Premises situate at Apapa, it was same position with other warehouses in Port Harcourt, Ibadan and Kaduna. Upon enquires, it was discovered that the Companies management has ILLEGALLY, FRAUDULENTLY and CRIMINALLY removed all their products from the site and eloped to India.<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678880217289\">Further private investigation by Union bank, revealed that the Directors of the Companies Mr. Varghese Mathew, Mr. Kelvin Nigli, Mr. Yashpal Jain, Mr. Vijay Mastakar (Indians) and Mrs. Obiageli Inuwa (Nigeria) have absconded from Nigeria and eloped to India with the depositors&#8217; fund.<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678886868322\">Despite all great efforts made to reach the Companies&#8217; Directors have proved abortive and the bank is convinced that their actions were premeditated and a grand deception from the beginning, calculated to defraud the Bank of its shareholders&#8217; funds.<\/div>\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678880423949\">This foregoing attitude of the Companies&#8217; Directors is a well calculated plan to rip off the Bank&#8217;s depositors&#8217; and shareholders funds which were advanced to the Companies in the belief that the facilities,\u00a0 would be utilized for the prescribed purpose and repayment made as agreed in good faith<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\">\n<div><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678880730618\">Consequently, the bank requested for the lawful intervention of the Inspector General of Police in the matter to ensure that the funds are recovered, as the bank is confident in the ability of the interpol to be above board and do justice in this case by pulling out all the stops,not only in ensuring an impartial and painstaking investigation into the substance of this petition but also in making sure the culprits are made to face the justice for their criminal\/ fraudulent actions so as to serve as deterrent to those whose stock-in-trade is to hide\u00a0 under the guise of banker\/customer relationship to commit all kinds of fraud and financial malpractices. The bank request include but not limited to:<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678881398874\">\u00a0 1.Placement of all the directors on RED ALERT\/NOTICE to ensure they account for the injustice meted out to the bank<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678881396468\">ii.Sealing up the Companies business premises to forestall further stealing of products and recovering the remaining products located at<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\">49 Apapa\/Oshodi Expressway, Ijesha-tedo, Lagos;<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\">71 Ordinance Road, Trans Amadi Layout, Port Harcourt;<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\">27 inuwa Abdukadir Road, Kakuri Industrial Layout, Kaduna;<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678882643869\">Fish farm at Gambari Forest Reserve, Ogunmakin village, Oluyole<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678882653418\">Local Government,|Oyo State.<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678882663697\">iii.An Order freezing the bank accounts of the Companies and their Directors:in all the commercial banks in Nigeria.<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876919032\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678882719867\">It is our belief that the above steps will forestall further damages to the bank&#8217;s interest in the above transaction.<\/div>\n<div><\/div>\n<div>The bank is willing and ready to supply further information and documents, which can be used for the investigation and prosecution of this complaint, upon request by the Police.<\/div>\n<div><\/div>\n<div>In consideration that our company is located here in Lagos and as well as the<\/div>\n<\/div>\n<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876790863\">\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678882855441\">Bank officials and the company&#8217;s main offices, we humbly request that the<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678876790863\">investigation be assigned to the INTERPOL ANNEX CLOSE, FORCE IKOYI, LAGOS CRIMINAL INVESTIGATION DEPARTMENT ANNEX, ALAGBON CLOSE for proximity and logistics sake.<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678882917275\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678877249597\">\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678885730966\">The three count charge signed and filed before a Federal high court,Ikoyi-Lagos by Police Legal Officer Barrister Oladiran Ayodele, after the conclusion of Police investigation.<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678887105635\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883030077\">COUNT I:<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883031365\">\u00a0That you (1)OBIAGELI INUWA&#8217;F&#8217;,<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883085325\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883086427\">(2)NIGLI KEVIN &#8220;M&#8221;<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883107295\">(3) SUNIL KUMAR HARI PRASAD&#8217;M&#8217;,<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883108727\">\u00a0(4) VOODI SUMAPRAKASH &#8216;M&#8217;,<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883114110\">(5) DHANUKA SUNIL KUMAR and others now. at large sometimes between the months of December 2017 &#8211; August 2019 in Lagos, within the jurisdiction of this Honorable Court did conspired amongst yourselves to commit felony to with Obtaining Money by False Pretense and thereby committed an offence contrary to section 8(a) of the Advance Fee Fraud and other related offences Act, 2006 and punishable under section 1(3) of the same Act.<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678885358348\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883204174\">COUNT II:<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883208881\">\u00a0That you (1)OBIAGELI INUWA &#8216;F&#8217;, (2)NIGLI KEVE&#8221;M&#8221;<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883262241\">(3) SUNIL KUMAR HARI PRASAD &#8216;M&#8217;,<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883276288\">(4) VOODI SUMAPRAKASH &#8216;M&#8217;,<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883280553\">(5) DHANUKA SUNIL KUMAR and others now at large on the same date, time and\u00a0 place, obtained and in the\u00a0 aforementioned judicial Division of this honourable court did obtain the sum of One Billion, six Hundred and Twenty Six Million, One Hundred and Thirty Nine<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678877563441\">\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883561365\">Thousand, Seven Hundred and Ninety Five Naira, Twelve Kobo (N1,626,139,795:12k) from UNION BANK OF NIGERIA PLC,and thereby committed an offence contrary to section 1(a), (c) &amp; 1(2) and punishable under section 1 (3) of the Advance Fee Fraud and other Fraud Related Offences Act No. 14 of 2006.<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678877563441\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883582746\">COUNT III:<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883584034\">\u00a0That you (1)OBIAGELI INUWA &#8216;F&#8217;, (2)NIGLI KEVIN &#8216;M&#8217;,<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883592971\">\u00a0(3)SUNIL KUMAR HARI PRASAD &#8216;M&#8217;,<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883603247\">\u00a0(4) VOODI SUMAPRAKASH &#8216;M&#8217;,<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678883607248\">(5) DHANUKA SUNIL KUMAR and others now at large on the same date, time and place, and in the aforementioned judicial division of this Honorable Court did steal the sum of One Billion, Six Hundred and Twenty Six Million, One Hundred and Thirty Nine Thousand, Seven Hundred and Ninety Five Naira, Twelve Kobo (N1,626,139,795:12k) from UNION BANK OF NIGERIA PLC and thereby committed an offence contrary to and punishable under section 390 (a) of the Criminal Code Cap C38 Laws of the Federation of Nigeria 2004.<\/div>\n<\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678877563603\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678877564257\"><\/div>\n<div id=\"yiv0852272739yMail_cursorElementTracker_1678877564518\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n    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