120-room resort hotel owner Abiola Quadri jailed in U.S. for defrauding California, Nevada

A U.S. court has sentenced Abiola Femi Quadri to 11 years in prison over a million-dollar fraud and funnelling the proceeds back to Nigeria to build a hotel, nightclub, and shopping mall.
A United States district judge, George H. Wu, sentenced Mr. Quadri for defrauding California and Nevada of $1.3 million in COVID-19 pandemic unemployment and disability insurance benefits.
Mr Quadri, 43, perpetrated his fraudulent scheme by using stolen identities to submit over 100 applications for COVID-19 pandemic unemployment and disability insurance benefits from the U.S. government between 2021 and 2024.
Quadri withdrew the fraudulent unemployment and disability benefits at ATMs from 2021 until his arrest in September 2024 at Los Angeles International Airport, where he was scheduled to fly to Nigeria, said Immigration and Customs Enforcement.
ICE also revealed that Mr Quadri sent at least $500,000 abroad during the scheme. He also paid for the construction of a 120-room resort hotel in Nigeria, the Oyins International, that includes a nightclub, a mall, and additional high-end amenities. It added that Mr Quadri failed to disclose his ownership of the hotel as required when completing his financial disclosure to the court.
Investigators found images of 17 counterfeit cheques totalling more than $3.3 million on Quadri’s phone, along with messages discussing negotiations for the cheques. Some of the cheques were made payable to shell businesses held in the names of Mr Quadri’s aliases.
California paid Mr Quadri to provide daycare services to developmentally disabled children through his Altadena-based business, Rock of Peace. When agents searched Mr Quadri’s residence, they found the children’s misappropriated food-aid debit cards.
The judge also ordered Mr Quadri, who acquired U.S. permanent residency through a fake wedding arrangement with a woman who was not his wife, to “pay $1,356,229 in restitution and a $35,000 fine.”
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

NationWide
FG upgrades Lagos hajj terminal
Mr Keyamo attributed the project to President Bola Tinubu’s vision to revitalise aviation infrastructure nationwide.

Hot news Home top
Revoked Licences: NDIC begins payment to 46 MfBs’ depositors
The Central Bank of Nigeria revoked the banks’ licences for failing to meet regulatory requirements for continued operations.

Abuja
Court advises Emeka Ike, Wike’s aide to consider reconciliation in N10 billion suit
The judge consequently adjourned the matter until October 12 for hearing by agreement of all the counsel.

Economy
MPC rate to keep capital market stable, says stockbroker
The committee retained the monetary policy rate (MPR) at 26.5 per cent at the end of its 306th meeting on Tuesday.

Hot news Home top
Mine Collapse: Senate urges FG to establish nationwide compensation scheme, support deceased Kogi miners’ children
The lawmaker said the incident resulted in the death of 20 workers and left several others injured.

States
Anambra monarchs join forces with pilgrims board on youth spiritual rebirth
The traditional ruler commended Mr Soludo for his determined fight against fake traditional rulers.





