Land Agent Defrauds Estate Firm of N300m - Uju Ayalogu's Blog for News, Reviews, Articles and More

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Saturday, 5 December 2015

Land Agent Defrauds Estate Firm of N300m

Land Agent Defrauds Estate Firm of N300m


The Nigeria Police Force

The Economic and Financial Crimes Commission (EFCC) has shed light on how a land agent, Ibrahim Kamba sold a piece of land to First Choice Properties Limited, for N300 million, using some forged letter head of Kamba Engineering Limited, Certificate of Occupancy and Memorandum of Understanding, among others.

Kamba who operates through Kamba Investment Nigeria Limited allegedly defrauded  FirstChoice Properties Limited to the tune of N300 million, thereby incapacitating its operations.

The suspect, who was granted N50 million bail by an Abuja High Court yesterday, was earlier arraigned by the EFCC on Monday before Justice S. Balami of the FCT High Court, Gwagwalada, Abuja on a nine-count charge bordering on forgery and obtaining by false pretence to the tune of N300,000,000.00( Three Hundred Million Naira).

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