A suspected case of insider betrayal has landed an investment company staff member before the Federal High Court, Lagos, as the Police Special Fraud Unit (PSFU) arraigned Bello Saheed Samuel over an alleged ₦90 million fraud and money-laundering scheme.
The suspect, an employee of an investment company working in its finance department, was accused of fraudulently converting the firm’s funds for personal use.
The arraignment followed investigations initiated after a formal complaint was lodged by the affected company.
According to the police, preliminary findings revealed that Samuel absconded from Lagos with members of his family after discovering that his activities had been uncovered. He was said to have cut off all means of communication in an attempt to evade arrest.
Operatives of the Unit tracked the suspect across several South-West states before arresting him at Oye-Ekiti Local Government Area of Ekiti State.
Further investigation showed that the suspect allegedly laundered the proceeds of the fraud through bank accounts belonging to friends and relatives to conceal the origin of the funds.
Police said efforts were ongoing to arrest other individuals connected to the alleged crime, even as the suspect faces trial.
The Commissioner of Police, Police Special Fraud Unit, Lagos, CP Kayode Ojapinwa, reiterated the Unit’s commitment to combating financial crimes and urged Nigerians and corporate organisations to conduct lawful transactions and strengthen internal control systems to prevent insider abuse.
