Fake Investment: EFCC Arraigns Four For N242m Fraud

EFCC Press Release

The Economic and Financial Crimes Commission, EFCC, on Tuesday, March 10, 2015 arraigned the quartet of Emmanuel Nehemiah, Thomas Dauda Boman, Jemila Abdulrahman Garba and Francis Kato David, alongside their companies: Geldaps Ezofom Services Limited and Geldaps Investment Nigeria Limited before Justice M. M Kolo of the FCT High Court sitting in Wuse, Abuja, on a fifteen-count charge bordering on conspiracy, fraud and criminal breach of trust.

The quartet allegedly swindled fifty subscribers to the tune of N242, 178,272.00 (two hundred and forty two million, one hundred and seventy eight thousand, two hundred and seventy two naira), in a bogus investment scheme.

According to one of the victims who invested N400, 000, the accused persons promised them 50 percent interest on any sum invested upon maturity after 60 days.

Another victim alleged that she invested a sum of N800, 000 (eight hundred thousand naira) which she borrowed from one of the new generation banks but neither received the interest promised nor get a refund of the principal invested.

Count seven of the charge reads: “That you, Geldaps Ezofom Services Limited, Geldaps Investment Nigeria, Emmanuel Nehemiah, Thomas Dauda Boman, Jemila Abdulrahman Garba and Francis Kato on 30^th of November 2012 in Abuja within the jurisdiction of the High Court of the Federal Capital Territory being entrusted with the sum N3,000,000.00 (Three million naira only) by Prince Chukwuemeka Onah as an investment in Geldaps Investment Nigeria Limited committed an offence punishable under Section 315 of the Penal Code”.

Particulars of count twelve reads: “That you, Geldaps Ezofom Services Limited, Geldaps Investment Nigeria Limited, Emmanuel Nehemiah, Thomas Dauda Boman, Jemila Abdulrahman Graba and Francis Kato between the 10^th of October.2012 and 8^th November 2012 at Abuja within the Jurisdiction of the High Court of the Federal Capital Territory being entrusted with the sum of N1,000,000.00 (One million naira only) by Paulina Turman Aboh as an investment in Geldaps investment Nigeria Limited committed criminal breach of trust in respect of the said sum and thereby committed an offence punishable under Section 315 of the Penal Code”.

They all pleaded not guilty to the charges.

Justice Kolo ordered that the suspects be kept in prison custody and adjourned the case to March 30, 2015 for trial.

Wilson Uwujaren

Head, Media & Publicity

10^th March, 2015