Three suspected fraudsters are now in the net of the Economic and Financial Crimes Commission, (EFCC), Ibadan zonal office for allegedly duping the Otun Olubadan of Ibadanland, High Chief Lekan Balogun of the sum of N300million.
The suspected fraudsters were identified as Babatunde Ologunja, Olusola Olaoye Babatunde and Olufemi Lawal.
According to the EFCC, the suspects and others still at large, allegedly conspired to dispossess the revered Ibadan High Chief of sums running to about N300 million.
EFCC sources said preliminary investigations into the allegations revealed that for the past four years, the suspects have consistently collected various sums of money from the High Chief with the sum not attached to any particular projects and no receipts issued to indicate the existence of any genuine transactions between the parties.
The commission’s sources also said as the time of their arrest, the syndicate had received about N300 million (Three Hundred Million Naira) through bank transfers from the Ibadan High Chief and that the EFCC had designated for possible forfeiture four vehicles and six landed properties traced to their alleged fraudulent activities.
The anti-graft commission is still on the trail of their fugitive partners, as further investigations are underway.
