Linus Gado Peter Shegman of Twidco El-Gardon Nigeria has been apprehended by the Special Fraud Unit of the Nigeria Police for allegedly defrauding Kingsley Nwoko of N107 million.
Shegman promised Nwoko of Total Staff Multi-purpose Co-operative Society of N107 million that he would import fish into Nigeria for sale to the cooperative society.
The fish never existed in the first place.
The Total Staff Multi-purpose Society Limited is situated at 4, Afribank Street, Victoria Island, Lagos.
The fraudster was introduced to the co-operative society in 2009 by it former Secretary, Nkechi Nwoko, Shegman’s business partner.
The accused person received the money with First Bank Draft No. 791413, dated March 14, 2009 and valued at N28,000,000.
It was given and received in Lagos.
The second First Bank Draft No. 17221288, dated March 13, 2009, was also valued at N28,000,000.
The interest accruing for the capital borrowed from Zenith Bank is now N49,000,000, making a total of N107,000,000 indebtedness by the fraudster.
When the suspect was arrested and interrogated, he admitted committing the crime and pleaded for grace of extension of time to offset the debt.
The suspect was released on Police Administrative bail.
But Shegman has gone to an Abuja Federal High Court to sue the Inspector-General of Police, the Commissioner of Police in charge of the Special Fraud Unit and other police officers.
The suit is listed as FHC/ABJ/CS/824/2012.
It was filed on December 17, 2012
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