The Economic and Financial Crimes Commission (EFCC) has arrested one Abdulrauf Illyasu, a suspected impersonator and fraudster, for defrauding members of the public within the premises of the Presidential Villa, Abuja.
He was said to have got an office opposite the presidential banquet hall, from where he performs his unlawful business.
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Illyasu swindled the Managing Director of Galaxy Investment, Babagana Dalor, of N500 million.
Dalor is also under EFCC investigations for operating a Ponzi scheme running into billions of naira.
Illyasu was also said to have defrauded Union and Allied Engineers Ltd. of N70 million.
His other victims include Excel Technology Ltd., which lost N50 million to him; Arabo and Co. Ltd., N50 million; Crystal Gate Ltd., N25 million; Diamond Global Fencing, over N27 million and many others.
A source stated, “The suspect collected the money with the promise of using his office to facilitate contracts and other favours for them (his victims) and he actually gave them contracts letters signed by him.
“He allegedly admitted that he used about N1bn from monies realised to take care of the disabled persons.”
It was gathered that the suspect, in a bid to convince his victims, took them to some state governors.
Illyasu had claimed to be a member of the Chattered Insurance Institute of Nigeria, and also a deputy general manager with the National Insurance Corporation of Nigeria, making it easy to get his victims.