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A’Ibom forex broker arraigned over N2bn scam
![](https://newstrends.ng/wp-content/uploads/2024/07/Rufus-John-Isip.jpg)
A’Ibom forex broker arraigned over N2bn scam
The Economic and Financial Crimes Commission (EFCC) has arraigned one Rufus John Isip, a self-acclaimed forex broker, for alleged investment scam amounting to over N2 billion.
The suspect was arraigned before Justice C. S. Onah of the Federal High Court sitting in Uyo, Akwa Ibom State.
In a statement by the EFCC spokesperson, Dele Oyewale on Saturday, the suspect was arraigned alongside his company, ITM-IT Resources Limited on an eight-count charge bordering on fraudulent conversion, money laundering and obtaining by false pretence.
According to the statement, “Count one of the charge reads: That you, Rufus John Isip while being the Director of ITM-IT Resources Limited and ITM-IT Resources Limited sometime in December 2020 and May 2021 in Uyo, Akwa Ibom State, within the jurisdiction of the Federal High Court of Nigeria, with intent to defraud, obtained the sum of (431, 331, 172. 00) Four Hundred and Thirty-one Million, Three Hundred and Thirty-one Thousand, One Hundred and Seventy-two kobo from one Michael Okon, the Director of N-Rex Resources Limited under the false pretence that it is an investment in Vandera, an online investment platform, on his behalf, which pretence you knew to be false and thereby committed an offence contrary to Section 1 (1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the same Act.
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“Count eight of the charge reads: That you, Rufus John Isip, while being the Director of ITM-IT Resources Limited and ITM-IT Resources Limited sometime between December 2020 and May 2021 in Uyo, Akwa Ibom State, within the jurisdiction of the Federal High Court of Nigeria, converted the total sum of (N730, 870, 000. 00) Seven Hundred and Thirty Million, Eight Hundred and Seventy Thousand Naira to crypto currency (Bitcoin) and transferred same into your Binance Wallet knowing that the said money formed part of your unlawful act and you thereby committed an offence contrary to Section 15 (2) (d) of the Money Laundering (Prevention and Prohibition) Act, 2011 and punishable under Section 15 (3) (4) of the same Act.”
The statement noted that the suspect pleaded not guilty when the charges were read to him and Khamis Mahmud, counsel to the EFCC, prayed the court to remand him in EFCC custody on the grounds of investigating him on other cases, adding that the defence counsel, Samson Ewuje did not pose any objection.
Justice Onah adjourned the matter to October 14, 2024 for trial and the defendant was remanded at the Uyo Zonal Directorate of the EFCC.
“Isip was arrested based on a petition from one Michael George, alleging that he lured him to invest in his online trading platform called Vandora.io.
“According to the petitioner, the defendant told him that it was more profitable to trade on his platform with a minimum trading capital of $100, 000. 00 (one hundred thousand dollars) and that he would earn more profit if he involved more investors.
“The petitioner thereafter invested, reached out to other investors and companies who also invested in the defendant’s phony online trading platform and after 60 days (as agreed) for the investors to start earning their profits, the defendant disappeared into thin air,” the statement disclosed.
A’Ibom forex broker arraigned over N2bn scam
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Banditry outcome of people neglected for centuries — Gumi
![](https://newstrends.ng/wp-content/uploads/2021/05/Gumi-2.jpg)
Banditry outcome of people neglected for centuries — Gumi
Kaduna-based Islamic cleric, Sheikh Ahmad Gumi, has dismissed allegations that politicians are behind the rising insecurity in northern Nigeria.
In recent months, the North-West region has faced increasing banditry and violence, leading to the deaths of many, including the monarch of Gobir in Sokoto State. The unrest has sparked claims that politicians may be funding the violence for their own gain.
In 2021, Imo State Governor, Hope Uzodinma, alleged that some politicians were sponsoring the banditry seen across the country. However, in an interview with Punch, Sheikh Gumi denied these claims, stating that there is no evidence to suggest that politicians are fueling the unrest in the North.
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He said;
“This is an unintelligent allegation. No politician is sponsoring these people. We are all victims. The opposition is not even behind this. This is a natural reaction of people neglected for centuries without education.
“Now they are exposed to the world and they want education. These people are exposed to the Internet and they see how much they are deprived. They want to fight back. This act is not by anybody.”
Banditry outcome of people neglected for centuries — Gumi
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152 terrorists killed, 109 arrested in 1 week – DHQ
![](https://newstrends.ng/wp-content/uploads/2024/06/Edward-Buba.jpg)
152 terrorists killed, 109 arrested in 1 week – DHQ
The Defence Headquarters Friday said troops during the week killed a total of 152 terrorists and arrested 109.
The military high command also stated that the strongholds of two notorious terrorist leaders — the Sadiku enclave at Tsora Hill in Safana Local Government Area, Katsina State; and the Yusuf enclave in Yadi Forest, Giwa LG, Kaduna State, were destroyed.
The Director of Media Operations, Edward Buba, in a statement, said the troops’ achievements were an indication that the military was steadily progressing towards the goal of destroying all criminal elements.
“The war against terrorists, insurgents, violent extremists and others perpetrating insecurity in the country rages, and troops are sustaining the momentum to achieve victory. Indeed, the armed forces are steadily progressing towards the goal of destruction of all these elements.
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“Given recent events, the military learns every day and makes improvements on ways to better deal with threat situations posed by these terror groups. Troops are moving in against the terrorists and denying them freedom of action.
“During the week, troops carried out surgical operations against two prominent terrorist commanders and decimated their strongholds, namely, Sadiku enclave in Tsora Hill in Safana LGA of Katsina State and Alhaji Yusuf enclave in Yadi Forest in Giwa LGA of Kaduna State.”
“Overall, troops operations during the week resulted in 152 terrorists neutralised, 109 arrested and 91 hostages rescued,” Buba said.
He noted that during the operations against crude oil theft, products worth N795 million were recovered.
Buba urged the citizens to support the troops to win the war against insecurity in the country.
152 terrorists killed, 109 arrested in 1 week – DHQ
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Six kidnappers arrested in Delta, N2.3m ransom recovered
![](https://newstrends.ng/wp-content/uploads/2024/07/Olufemi-Abaniwonda.jpg)
Six kidnappers arrested in Delta, N2.3m ransom recovered
Six persons have been apprehended in Delta State over their alleged involvement in kidnapping.
The suspects were arrested in Uvwie Local Government Area of the State by police operatives from Ebrumede Division.
They also recovered from them a ransom of N2,344,000 (Two million, three hundred and forty-four thousand naira), with some stolen mobile phones.
Delta State Commissioner of Police, CP Olufemi Abaniwonda announced the development while briefing journalists in Asaba.
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CP Abaniwonda said, “Acting on credible intelligence, operatives of Ebrumede division while on patrol duty intercepted a tricycle conveying six-passengers.
“The suspects on sighting the Police attempted to escape but the operatives chased and arrested them.
“Upon search of the suspects, two million, three hundred and forty-four thousand naira was recovered.
“Some suspected stolen phones were also recovered. Further investigation revealed that the phone belonged to their kidnapped victims and the money was part of the ransom the victims paid for their freedom.”
Six kidnappers arrested in Delta, N2.3m ransom recovered
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