EFCC investigation showed that he successfully swindled the Managing Director of Galaxy Investment, Babagana Dalor , of N 500 m .
Adelani Adepegba , Abuja
The Economic and Financial Crimes Commission has arrested a suspected impersonator and fraudster , Abdulrauf Illyasu , for allegedly defrauding members of the public within the precincts of the Presidential Villa , Abuja .
Illyasu was said to have secured an office opposite the presidential banquet hall , where he carried out his nefarious activities .
EFCC sources informed our Correspondent in Abuja on Wednesday , that the suspect claimed to be a member of the Chattered Insurance Institute of Nigeria , and also a deputy general manager with the National Insurance Corporation of Nigeria .
EFCC investigation showed that he successfully swindled the Managing Director of Galaxy Investment, Babagana Dalor , of N 500 m .
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Dalor is also under EFCC investigations for operating a Ponzi scheme running into billions of naira .
Illyasu was also said to have defrauded Union and Allied Engineers Ltd. of N 70 m .
His other victims include Excel Technology Ltd., which lost N 50 m to him ; Arabo and Co. Ltd ., N 50 m ; Crystal Gate Ltd. , N 25 m ; Diamond Global Fencing, over N 27 m and many others .
A source stated, “ The suspect collected the money with the promise of using his office to facilitate contracts and other favours for them ( his victims ) and he actually gave them contracts letters signed by him.
“ He allegedly admitted that he used about N 1bn from monies realised to take care of the disabled persons. ”
It was gathered that the suspect, in a bid to convince his victims , took them to some state governors.
Source:- Punchng