Connected money man, Mohammed Gobir has been arrested.
He was reportedly nabbed at his Ikoyi Lagos home on Saturday by operatives of the Economic and Financial Crimes Commission.
Here are the interesting details
Outdoor giant Afromedia is battling to handle its most difficult brief ever — how to retrieve a fortune invested in a phoney deal.
The Economic and Financial Crimes Commission (EFCC) is helping.
The anti-graft agency has arrested a Lagos businessman, Alhaji Mohammed Gobir, for allegedly defrauding the foremost outdoor advertising company of cash estimated to be N1.7 billion in various currencies.
Gobir was picked up at his Ikoyi home and put in detention.
A source in the commission said: “The mega heist allegedly fetched Gobir $3,500,000, N514,457,151.87, $2,102,740, and 51,000 pounds sterling at various times.
“Gobir, a 55–year-old father of two, was picked up by EFCC operatives early Saturday at his Ikoyi residence and is still being interrogated at the Lagos office of the anti-graft agency.
“The suspect allegedly defrauded the advertising company through a phoney investment deal.
“The suspect was allegedly introduced to Afromedia sometime in 2008 by their private placement consultants, Synergy Capital Advisory Limited, as a high networth investor who was willing to inject N1,000,000,000 into the company, through the acquisition of shares.
“Based on his touted pedigree as potential investor, Gobir cozy up to the management and in no time became chairman of the Business Development Committee of the board of directors of the company, a position which he later used to defraud the company.
“Having earned the trust of the company owners, Gobir started demanding large amounts of money, which he termed as business expenses to international consultants, Royal Exchange Burue in the United Kingdom in order to facilitate and secure investments from his bank in the UK, Natwest Bank London.