EFCC arrests two fraudsters over N500million oil scam

By Post Nigeria January 9, 2015 16:57

EFCC arrests two fraudsters over N500million oil scam

The Economic and Financial Crimes Commission, EFCC, has started the year in full force as it apprehended a group of suspected fraudsters who duped their national and international victims of over N300million in several cases on fake crude oil deals. This catch can be said to be the biggest so far in the year.

The two members of the group apprehended are, Michael Oghenemi Morowie and Emmanuel Owoicho, who are currently in the EFCC custody, giving account of their involvement in crude oil scam.

The EFCC sprung to action following reports from some victims who were swindled by the culprits, apparently after they fell for the different fake names and companies used.

According to a victim who lost the sum of N119million to the gang with the excuse of supplying two million barrels of Bonny Light Crude Oil, he later found out in the course of investigation that the oil supply document supposedly from NNPC was a fake.

The EFCC operatives questioned one Samson Lawal Omobere of Etsam Oil and Gas Limited in the course of investigation who admitted to have collected the total sum of money from the complainant.

Omobere alleged that he transferred a substantial part of the money to Magnificent Marine Services Limited which led to the arrest of one Michael Oghenemi Morowie, a director in Magnificent Marine Services Limited, who allegedly withdrew over 358,000USD and N11,700,000 from the company’s account under the names of Boma Harry, Peterson Harry and Elder Dan Jumbo. Four drivers’ licences bearing his photograph under the name of Michel O. Morowei as well as several other scam documents from his email address were recovered from his house.

Other cases where revealed in the course of the investigations, for example, the sum of N300,000 extorted from a Kenyan citizen resident in Germany. The hoodlums had sold the same fake supply of two million barrels of Bonny Light Crude Oil, using the same modus operandi. Also, there was a case where the sum of N102.8million was obtained from another client by the gang under the pretext of supplying two million barrels of Bonny Light crude oil.