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A Nigerian man, Yomi Olayeye arrested for stealing $10 million in US unemployment benefits……

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A Nigerian man, identified as Yomi Olayeye has been arrested and charged with conspiracy, wire fraud, and identity theft for his alleged role in a $10 million pandemic unemployment assistance fraud scheme in the United States.

The United States Attorney’s Office for the District of Massachusetts under the Department of Justice revealed this in a statement posted on its website on Monday.

The statement read, “A Nigerian man was arrested on Aug. 13, 2024 upon arriving at John F. Kennedy International Airport in New York City on charges that he and other conspired to fraudulently obtain at least $10 million in COVID-19 unemployment benefits.

“Yomi Jones Olayeye, a/k/a “Sabbie,” 40, of Lagos, Nigeria, is charged with one count of wire fraud conspiracy, one count of wire fraud, and one count of aggravated identity theft. He made an initial appearance in the Eastern District of New York on Aug. 14, 2024 and will appear in federal court in Boston tomorrow.

“According to the charging document, between March and July 2020, Olayeye and others defrauded three pandemic assistance programs administrated by the Massachusetts Department of Unemployment Assistance and other states’ unemployment insurance agencies: traditional unemployment insurance (UI), Pandemic Unemployment Assistance (PUA) and Federal Pandemic Unemployment Compensation (FPUC).”

Olayeye and his co-conspirators were alleged to have used stolen personal information to apply for unemployment benefits in multiple states, including Massachusetts, Hawaii, and Indiana.

The statement added, “In total, Olayeye and his co-conspirators allegedly applied for at least $10 million in fraudulent UI, PUA and FPUC from Massachusetts, Hawaii, Indiana, Michigan, Pennsylvania, Montana, Maine, Ohio and Washington and received more than $1.5 million in assistance to which they were not entitled.

“Specifically, Olayeye and his co-conspirators allegedly used personally identifiable information (PII) they purchased over criminal internet forums to apply for UI, PUA and FPUC – falsely representing themselves to be eligible state residents affected by the COVID-19 pandemic.

“Olayeye and his co-conspirators allegedly used the same fraudulently obtained PII to open U.S. bank and prepaid debit card accounts to receive the assistance payments. It is also alleged that Olayeye and his co-conspirators recruited U.S.-based account holders to receive and transfer the fraud proceeds via cash transfer applications.”

They were also alleged to have used the benefits to purchase Bitcoin and concealed their connection to Nigeria by using US-based IP addresses.

“Olayeye and his co-conspirators then allegedly used the fraudulent proceeds to purchase Bitcoin via online marketplaces.

“It is further alleged that Olayeye and his co-conspirators concealed the conspiracy’s connection to Nigeria by leasing Internet Protocol addresses assigned to computers located in the United States for use in the fraudulent transactions,” the statement read.

The United States Department of Justice further explained that if convicted, Olayeye faces up to 20 years in prison, three years of supervised release, a fine of $250,000 or twice the gross gain or loss, forfeiture, and restitution.

The statement added,”The charges of wire fraud and wire fraud conspiracy provide for a sentence of up to 20 years in prison, three years of supervised release, a fine of $250,000 or twice the gross gain or loss, fforfeiture,and restitution.

“The charge of aggravated identity theft calls for a mandatory minimum sentence of two years in prison to be added to any sentence imposed on the wire fraud charge.

“Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.”

The Attorney General was reported to have established the COVID-19 Fraud Enforcement Task Force on May 17, 2021 to marshal the resources of the Department of Justice in partnership with agencies across the government to enhance efforts to combat and prevent pandemic-related fraud

 

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N1.361bn contract fraud allegation rocks Edo Urban Water Corporation, staff petition Okpebholo

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There is tension at the Edo State Urban Water Corporation, following a petition against the Acting Managing Director, Mrs Toyin Rose Adeboyega over an alleged N1.361 billion contract fraud.

SOCIETY REPORTERS reports that Mr Christopher Abhulimen, a staff of the corporation, wrote the petition against the Managing Director to the Edo State Government.

The petition addressed to the State Governor, Monday Okpebholo was dated February 6, 2025.

The petition is titled, ‘Concerning instances of misappropriation of funds, mismanagement of public funds, poorly executed contracts/fictitious contract projects facilitated by the previous administration with the abetment and instrumentality of the Acting Managing Director of Edo State Urban Water Corporation, Mrs Toyin Rose Adeboyega’.

Abhulimen, who listed about eight projects allegedly involved in the fraud, noted that not only did some of the aforementioned projects not exist in reality, but even for the few that exist, there is nothing in them to justify the astronomical funding commitments.

He appealed to Governor Monday Okpebholo to take all necessary actions to ensure thorough investigations of the projects as well as the complicity of the Acting Managing Director, and/or any other person(s) in the facilitation of alleged unwarranted hemorrhage of public funds.

In the petition, Abhulimen, listed the projects and their cost to include N700 million pipeline network reticulation to Ugboha, Uromi and environs, N23 million funding of Abico Pumping Station, and N120 million provision of potable water to Emotan Garden Estate.

Others are N150 million reactivation of water schemes at Etsako and Akoko-Edo, N150 million supply of pipes and accessories to Ugboha/Uromi Water Scheme, N15 million for supply of chemicals, N160 million for the management of Ugboha Dam and N43 million of illegal sales/disposal of exhumed ductile pipe in the course of road construction at Iruekpen and environs.

When contacted, the Acting Managing Director of the Corporation, Mrs Toyin Rose Adeboyega, said a journalist has already written a rejoinder on the petition.

Adeboyega, who forwarded the alleged rejoinder to DAILY POST, denied the allegations levelled against her.

Mrs Toyin Rose Adeboyega, Acting Managing Director, Edo State Urban Water Corporation.

The alleged rejoinder written by Comrade Robinson Akhenoba, titled, ‘Allegation against Mrs Toyin Rose Adeboyega’, alleged that after conducting a thorough investigation in the said ministry, it was found that “these allegations are not only misleading but also a gross misrepresentation of facts”.

Akhenoba, while urging the governor to take time to investigate the allegations as contained in the petition, advised him to remain vigilant and not succumb to the alleged manipulative tactics of those who seek to divide and rule.

According to him, these individuals often rely on misinformation and speculation to achieve their goals, which can lead to unfair treatment of dedicated public servants.

“I implore you to prioritize facts and figures when evaluating these allegations, rather than getting swayed by baseless claims. As findings have shown, Mrs Adeboyega possesses a high level of integrity and a strong commitment to her role. It’s crucial for you to recognize and appreciate her efforts in serving the people

“By focusing on verifiable evidence and ignoring malicious rumors, you can ensure that justice is served,” he added.

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NACAT donates sewing machine, rice, other food items to IDPs in Abuja

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As part of its commitment to nation building and humanitarian works, the Network Against Corruption and Trafficking (NACAT) on Monday donated various food items including bags of rice, cartons of spaghetti, sanitary pads and a sewing machine to Internally Displaced Persons (IDPs) at the Durumi Camp in the Garki area of the Federal Capital Territory, Abuja.

The organization, a notable civil society group dedicated to combating corruption, financial crimes, terrorism, economic sabotage, human trafficking, and drug-related offenses, extended this gesture as part of its Corporate Social Responsibility (CSR) initiative.

The organization further conducted a sensitization session on human trafficking, educating the women on its dangers and equipping them with strategies to protect themselves and their children from becoming victims.

Speaking on behalf of NACAT, the Operational Manager, Stanley Ugagbe, emphasized that the initiative was purely humanitarian and not politically motivated. He reassured the IDPs that NACAT’s intervention was driven by a genuine desire to support their well-being, particularly during the fasting period when food resources might be scarce.

“NACAT is an NGO and our coming here today has no political undertone. We truly empathize with you over your current conditions and it is because of our concerns over your plight that we have come to donate our widow’s mite. We recognize that this is a fasting period, and it is
important that people have access to food while they fast,” Ugagbe stated.

“Your current situation is actually troubling and we pray that soonest, things will get better and you will return to your homes to live your normal lives like you used to live”.

He also took time to educate the women on the increasing trend of human trafficking and shared practical tips on how they could protect themselves and their loved ones from falling prey to traffickers.

Ugagbe defined human trafficking as the illegal trade of people for forced labor, sexual exploitation, and other forms of abuse. According to him, common tricks used by traffickers are promises of good jobs or scholarships abroad, fake modeling or entertainment offers, forced
marriages, fake recruitment agencies, and kidnapping.

While asking them to watch out for these tricks, the manager averred that the dangers of human trafficking include “physical and emotional abuse, forced labor and inhumane working conditions, sexual exploitation and exposure to diseases, separation from family and community,
loss of personal freedom”.

Harping on how to protect themselves against traffickers, Ugagbe enumerated the following measures: “be cautious of offers that seem too good to be true, verify job and travel opportunities before accepting them, avoid traveling alone with strangers, report suspicious activities to
security agencies or NGOs working against human trafficking, educate others on the dangers of trafficking”.

In her opening remarks, NACAT’s Program Manager, Joy Tomo, reaffirmed the organization commitment to supporting displaced persons and promoting self-reliance among them. She highlighted the importance of skill acquisition in reducing dependency and improving economic stability.

We believe that empowering women with skills is key to helping them rebuild their lives. That is why we are donating this sewing machine. We encourage you to use it as a tool for learning and empowerment," Tomo said.

She further instructed that the machine should be handed over to an experienced seamstress within the camp who would train other women, ensuring that the knowledge is passed on and used effectively.

Expressing deep appreciation for NACAT’s intervention, the camp women’s leader, Liyatu Ayuba Yusuf, described the visit as a life-changing moment for many of them.

“Our joy knows no bounds today. We are grateful to NACAT for remembering us in this difficult time. Many of us had never received this kind of education on human trafficking before and now we understand how to protect ourselves and our children,” she said.
Liyatu noted that the sensitization program had opened their eyes to the reality of human trafficking, a menace that disproportionately affects vulnerable communities. She pledged that the women in the camp would make good use of the knowledge gained and ensure that others who missed the session also learn from them.

Also speaking at the event, the Camp Coordinator, Idris Ibrahim-Halilu, who provided Hausa translations throughout the engagement, praised NACAT for its exceptional commitment to humanitarian work. He called on other organizations to follow NACAT’s example and extend their support to displaced persons.

“I appeal to other NGOs to learn from what NACAT is doing. The impact of their visit today has been enormous. We need more organizations like this to come to our aid,” Ibrahim-Halilu said.

Recall that in October last year, NACAT renovated and transformed an orphanage school in Lugbe into a modern school.

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JUST IN: Unity Bank appoints Kolawole Ebenezer as acting CEO

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Unity Bank Plc has announced the appointment of Kolawole Ebenezer as its new acting managing director/chief executive officer.

The appointment follows the retirement of Mrs Oluwatomi Somefun who has completed her tenure as MD/CEO.

The development was announced at the Bank’s 18th Annual General Meeting (AGM), held in Lagos on Wednesday, after securing necessary approval from its primary regulator, the Central Bank of Nigeria (CBN).

Mr Kolawole is a seasoned and consummate banker with over three decades of industry experience. He began his financial services career at Caribbean Finance Limited (an affiliate of CFL in Cayman Island) in Kaduna in 1992. He later joined Ecobank where he worked in various departments of the Bank, both operations and finance suites and rose to the position of Deputy Financial Controller.

He moved to Standard Trust Bank (STB) and worked at various strategic areas including Operations, Regulatory Risk Management and Finance suites and played a pivotal role in the STB/UBA merger. Post-merger, he served as Chief Financial Officer (CFO) of the United Bank for Africa.

He moved to Mainstreet Bank as the Bank’s Group Chief Finance Officer (GCFO) and actively drove the turnaround and transformation initiatives of the Bank. He had a brief stint at Globacom, a foremost and Nigeria’s leading indigenous Telecommunication giant, where he served in various capacities for corporate business development.

Mr Kolawole joined Unity Bank Plc as Chief Financial Officer (CFO) in 2015. He was later, in February 2018, appointed the Executive Director to oversee Finance, Operations and Information Technology, where he played a key role in the Bank’s strategic transformation and cost optimization initiatives which enhanced the Bank’s performance and market feasibility.

In line with the Bank’s succession and business continuity plans, Mr Kolawole is saddled with the primary responsibility to finalise the Bank’s ongoing corporate programmes and other strategic business initiatives of the institution.

Mr. Kolawole holds a First-Class (Hons) Degree in Accounting from Obafemi Awolowo University (OAU), Ile-Ife. He has participated in several management/executive education programmes in Columbia Business School, New York, USA and TheWharton School of the University of Pennsylvania, Philadelphia, USA.

Mr Kolawole is a member of several professional bodies including: Fellow of The Institute of Chartered Accountants of Nigeria (FCA); Fellow, Institute of Credit Administration, (FICA), Honorary Member of the Chartered Institute of Bankers of Nigeria (HCIB), Associate Member of The Nigeria Institute of Management (AMNIM); Member of the Institute of Directors etc.

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