Three alleged insurance fraudsters nabbed for defrauding AIICO of ₦277 million
The Economic and Financial Crimes Commission has arraigned three men on charges of alleged conspiracy, stealing, and dishonest conversion of ₦276.8 million belonging to AIICO Insurance Plc.
In a statement on Wednesday, the EFCC said the suspects were arraigned on Tuesday before Justice Ismaila Ijelu of the Lagos State High Court, Ikeja Division.
The suspects are Adekunle Atanda Abiodun, Olawuyi Yusuf Adeola and Obinna Adolphus Nwosu.
The anti-graft agency alleged that the defendants conspired to steal and dishonestly convert the funds belonging to the insurance company.
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
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
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.”
Economy
NITDA, partners to host cybersecurity confab to bolster digital resilience
NITDA says it will host an International Cybersecurity Conference to strengthen Nigeria’s cyber resilience amid growing AI-enabled threats.
Showbiz
How I survived after being hit by stray bullet: Broda Shaggi
Nigerian comedian, Samuel Animashaun Perry, aka Broda Shaggi, recounted on Wednesday how he survived a gunshot wound.
Economy
Abiru bags NCRIB fellowship for insurance sector reforms
Mukhail Abiru has received the honorary fellowship of the Nigerian Council of Registered Insurance Brokers.
Abuja
AUST hosts 5MW solar project as experts chart renewable energy roadmap
Azikiwe Onwualu, the vice-chancellor of AUST, says the institution has been selected to host a five-megawatt solar project on campus.
Heading 1
Amnesty condemns four-year prison sentence for Nigerian journalist Farida Isiak
Amnesty International has condemned the arrest and four-year prison sentence imposed on Farida Isiak, a 23-year-old journalist with Nagarta Radio in Kaduna.
Economy
Multinational bank Barclays to fire 5,000 workers to reduce costs, says AI creating efficiency
Barclays has announced plans to cut 5,000 jobs globally, representing about five per cent of its total workforce. One thousand workers already sacked.
