Lagos - A suspected fraudster has fallen in foul with the law following his arrest over alleged fraudulent dealings involving the sum of US$1 million.
Economic and Financial Crimes Commission operatives picked up Adekunle Balogun (44), alias Malan Salihu, in Lagos for allegedly duping one Precious Chukwuma Emelue by deceiving him into believing that, he would assist him in retrieving a sum of $1 million from a Pakistani bank: Kan-Cern Limited.
The International Monetary Fund (IMF) allegedly stopped the transaction.
The suspect is also alleged to have impersonated the Executive Chairman of the EFCC, Ibrahim Lamorde, and used his name to extort his victim.
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He is pleading not guilty.
It is said several items were recovered from him during a search of his house.
They include documents bearing the names of the State Security Service (SSS) Central Bank of Nigeria, (CBN) and Insurance companies among others.
Balogun would be charged in court as soon as investigations were concluded, EFCC said.
- CAJ News