US-based Nigerian entrepreneur was dazed in Lagos when property agents led him into the lagoon following the part-payment to get 150 plots provided for N787.5 million.
Kennedy Chukwuemeka Nwabuoku advised detectives headed by DCP Abutu Yaro, in the Force Criminal Investigations and Intelligence Department (FCIID), Alagbon, the way he’d compensated N577, 590, 792 in installments along with other fees, also another N18million for bush clearing in February, and also the way the representatives were sending him photos and videos of caterpillars in activity in the supposed website at Ifedele Agunbiade Village, Sangotedo, in Eti-Osa region of Lagos.
Nwabuoku advised the police that he purchased the hidden property with an overseas partner and had invested in real life trust, sending currencies on various events through his firm, KenBouk Global Investment Ltd.
Identified as Emeka Okoronkwo and Michael Owolabi Alonge, the representatives, based on Nwabuoku, had offered the property available at N5, 250, 000 each plot together with Certificate of Occupancy (C of O).
In accordance to College gist, it was learnt that members of Nwabuoku’s family in Nigeria who wanted to see the site were told that the land was in an area bought by prominent Nigerians like former President Olusegun Obasanjo and Oba Riliwanu Akiolu, and it was cordoned off so that ordinary citizens could not gain access.
When he became suspicious, Nwabuoku sent the C of O to a friend to verify, and the friend found that no such land or location described in the document existed.
He decided to visit Nigeria and inspect the land for which he had paid the property agent, Okoronkwo, who was identified as the owner of Kings Court Realtors at Plot 321A, Akin Ogunlewe Street, Victoria Island.
When he was quizzed by the police on November 8, 2017, Okoronkwo allegedly admitted that he collected N603, 000, 000 for 100 plots, agency fees and legal fees through transfers to Kings Court Realtors’ accounts in two banks.
Detectives found that Nwabuoku transferred the monies in the following order over a period: N229, 000, 000, N86, 000, 000, N120, 000, 000, N41, 300, 000, N11, 291, 000, and N90, 000, 000.
They also found that the C of O given to Nwabuoku is a fake one, and that Alonge who introduced him to Okoronkwo “masterminded the fraud”.
According to the detectives, fictitious persons were listed in the Deed of Assignment that the suspected fraudsters also gave to Nwabuoku.
When Nwabuoku arrived and insisted he must see the site before further payments, Alonge allegedly took him to a location far inside a wooded area that led to the lagoon with canoes going back and forth.
“Mr. Michael Owolabi Alonge started pointing around and towards the lagoon, as if he was not sure where the land is anymore,” Nwabuoku stated in his petition to the police.
When Nwabuoku, who had been given no receipt, asked for a refund, he said that the suspects had threatened to kill him if he fails to keep quiet on the transaction.
Detectives have finished their analysis and the subject was billed to court together with Sgt Morufu Animashaun as authorities attorney.
There was an arrest warrant for Okoronkwo who supposedly received the obligations, and he’ll appear in court on December 5.