April 11, 2021

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EFCC arrests suspect over #17.4m and $6,300 fraud

The Lagos Zonal office of the Economic and Financial Crimes Commission has arrested a suspect identified as Nanpan Salihu Yaniyang for #17.4m and $6,300 fraud charges.

One of the counts against him reads

“Nanpan Salihu Yaniyang, sometime in 2020 in Lagos State , within the jurisdiction of this Honourable Court, with intent to defraud, obtained the sum of N17,449,000 (Seventeen Million Four Hundred and Forty-nine Thousand Naira) from Valerie Okoli and her co-investors under the pretence that you would help them incorporate a company, and use the said fund to invest in Forex, which pretext you knew or ought to know is false.”

Another count reads

“Nanpan Salihu, sometime in 2020 in Lagos State, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the sum of $6,300 (Six Thousand Three Hundred United States Dollars) from Valerie Okoli and her co-investors under the pretence that you will use the said fund to invest in Forex, which pretext you knew or ought to know is false”.

He pleaded not guilty to the charges brought against him.

The prosecuting counsel, Ayanfe Ogunsina, asked the Court for a trial date and to remand the defendant in custody.

The defence counsel, Cyril Ebeh, informed the Court that he had filed an application for the bail of the defendant.

Consequently, Justice Abike-Fadipe adjourned till March 29, 2021 for hearing of the bail application and ordered that the defendant be remanded at any of the Correctional Centres in Lagos.

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