The demand for Ginger in the international market has gone up significantly because the root is now being used as raw material in manufacturing process. More »
To make extra income from Garri production business, you need to export your Garri to other countries in West Africa, Europe and America More »
The high demand for chicken meat and eggs has really proven that Poultry farming in Nigeria is indeed a very lucrative business More »
Indeed you can become a millionaire through Poundo Yam production business in Nigeria. You can make up to N500, 000/month producing and selling Instant pounded Yam powder More »
Are you thinking of starting a profitable business of your own in Nigeria? If yes then I will want you to consider setting up a cement block molding industry in the country More »
The export of cashew nuts and other agricultural commodities from Nigeria is fast becoming very lucrative these days; More »
Discover how to make 100percent profits when you invest just N80, 000 in exporting Bitter kola from Nigeria to Europe, America and Asia countries More »
Livestock feeds production is a very profitable business, the demand for animal feeds in Nigeria is high More »
Laundry and Dry Cleaning is indeed a good business opportunity in Nigeria because it has a high return on investment. More »
Five Internet Fraudsters Arrested In Lagos Over N53million Scam
Lagos – A Lagos High Court presided over by Justice Christopher Balogun yesterday admitted as exhibits, three laptops and two internet modems tendered as evidence in a case of internet fraud and obtaining money by pretext filed against suspected fraudsters (a.k.a Yahoo boys).
The defendants were alleged to have on April 27, 2012 within the Ikeja Judicial Division, with intent to defraud, conspired to obtain $210,000,00 equivalent of N53,577.597 million from one Kabiru Sanni.
The suspects, Chris Nwaigwe (34), Farouk Balogun (28), Fawas Animashaun (29), Damilola Ali (28) and Olasunkanmi Banire (27), were first arraigned on October 31, 2012 on a 21-count charge bordering on forgery, obtaining money by pretext and internet fraud.
While admitting the exhibits, Balogun dismissed the objection of the defence counsel and ordered that items be taken as evidence.
Earlier, a prosecution witness, Babatunde Shittu of the Advance Fee Fraud, AFF, department of the Economic and Financial Crimes Commission, EFCC, told the court that the defendants were arrested following a petition written by one Kabiru Sanni, a bureau de change operator.
Narrating how the defendants were arrested, Shittu said: “We told Mr. Sanni to set up a meeting with the first defendant at one eatery in Lekki where we arrested him and took him to his house at No 13, Bamgbala Street, Elegushi, Lagos.
“When we got to his resident, we recovered two laptops, two internet modems and a laptop charger which we took to our office along with the defendants.”