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Two Nigerian Bizmen, Akuboh Victor Uneojo and Engr. Innocent O. Diyoke, Firm Banned By World Bank For Fraud, Corruption

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Two Nigerian businessmen, Mr. Akuboh Victor Uneojo and Engr. Innocent O. Diyoke including its firm, Diyokes Consultants Limited have been banned by World Bank for Fraud and corruption.

This is according to data from the bank’s website on persons and firms debarred and ineligible to participate in World Bank-financed contracts for the periods indicated.

The sanctions, which range from one to two years, showed the World Bank’s commitment to maintaining integrity within its operations.

One person based in Abuja
Mr. Akuboh Victor Uneojo, based in Abuja, FCT, has been banned from participating in World Bank projects for a period of two years, effective from March 12, 2024, to April 11, 2026. This sanction follows findings of corrupt practices linked to Mr. Uneojo.

A document by the World Bank providing notes on the sanctions read:

“The period of ineligibility for Mr. Akuboh Victor Uneojo (“Mr. Akuboh”) extends to any legal entity that he directly or indirectly controls. The minimum period of ineligibility is the two-year-one-month period indicated in the posting above; provided, however, that after this minimum period of ineligibility of two years and one month, Mr. Akuboh may be released from ineligibility only if he has demonstrated to the World Bank Group’s Integrity Compliance Officer that he has complied with the following conditions:

“(a) he has taken appropriate remedial measures to address the sanctionable practice for which he has been sanctioned; (b) he has completed training and/or other educational programs that demonstrate a continuing commitment to personal integrity and business ethics; and (c) any entity that is an Affiliate directly or indirectly controlled by him has adopted and implemented, in a manner satisfactory to the Bank, integrity compliance measures as may be imposed by the World Bank Group’s Integrity Compliance Officer (e.g., an integrity compliance program or elements thereof) to address the sanctionable practice.”

Others based in Enugu
Similarly, Diyokes Consultants Limited, a firm based in Enugu State, and its principal, Engr. Innocent O. Diyoke, have been banned for fraudulent practices. Both the firm and Engr. Diyoke faced a ban from March 11, 2024, to September 10, 2025.

According to a separate document seen by Nairametrics on the case involving Diyokes Consultants, Diyokes Consultants Limited, a firm based in Enugu State, and its principal, Engr. Innocent O. Diyoke were involved in a fraudulent case related to the Nigeria Erosion and Watershed Management Project (NEWMAP).

The project, funded by the World Bank, aimed to reduce vulnerability to soil erosion in targeted areas in Nigeria. The firm, part of a joint venture, was awarded a contract for engineering design and supervision of erosion control sites in Abia State.

The case arose from allegations by the World Bank’s Integrity Vice Presidency (INT) that the firm and its managing director engaged in fraudulent practices during both the selection and execution phases of the contract.

Specifically, they were accused of misrepresenting the involvement of a joint venture partner and falsely confirming the availability of key staff members for the project.

These staff members were subsequently replaced without notifying or obtaining authorization from the project management unit, the Abia State Project Management Unit (Abia SPMU), as required.

The World Bank’s Sanctions Board found that Diyokes Consultants Limited and Engr. Innocent O. Diyoke knowingly or recklessly misled the Abia SPMU to secure financial benefits from the contract.

As a result, the Sanctions Board imposed a debarment with conditional release on both the firm and its managing director, effective for a minimum of one year and six months from March 11, 2024.

The sanctions render them ineligible to participate in any World Bank-financed projects during this period.

Credit: Nairametrics

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HAPPENING NOW: LG election holds in Rivers despite police absence •PHOTOS

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The local government election has commenced in Rivers State, despite the absence of police to man the process.

 

Our source hinted that sensitive materials have been distributed across the local government areas.

 

 

The state governor, Siminalayi Fubara, has vowed to conduct the local government election amid tensions in the state.

 

 

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Nigerian Police Refund N1million Cash Extorted From Corps Members In Lagos As Officers Undergo Probe

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Three members of the National Youth Service Corps (NYSC) have been refunded N1million, which was allegedly extorted by four police officers in Surulere area of Lagos State.

 

The officers reportedly demanded the money after the corps members failed to provide a physical copy of a driver’s licence.

 

 

An X user, Oluyemi Fasipe, had shared details of the incident, stating that one of the corps members was also forced to transfer Bitcoin worth $842 to the officers.

 

 

The Lagos Police Public Relations Officer, Benjamin Hundeyin, confirmed the officers involved had been identified and were undergoing interrogation.

 

“The rogue men of the Area C command of the @LagosPoliceNG who extorted over 1 million naira from the corp members have refunded the money,” Fasipe tweeted on Friday, October 4.

 

 

Hundeyin had stated that the outcome of the trial would determine the culpability of the officers, which could lead to their dismissal. Fasipe also expressed appreciation for the efforts of both Hundeyin and the Lagos State NYSC office in facilitating the refund.

 

He further added, “I like to appreciate @BenHundeyin and the @officialnyscng Lagos State for their efforts too. I also like to use the opportunity to say hello to my friend in Delta State, @Brightgoldenboy.”

 

 

 

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FBI Requests EFCC’s Assistance To Arrest Two Nigerians, Shodiya Babatunde and Yinka Ahmed For Stealing $13Million From American Healthcare Provider…

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The Federal Bureau of Investigation has urged the Economic and Financial Crimes Commission to help track down and apprehend two Nigerian fugitives wanted over a multimillion-dollar healthcare scheme in the United States.

 

 

Babatunde Shodiya and Yinka Jamiu were indicted on September 25 by a grand jury at the U.S. District Court of Minnesota over their involvement in a scheme that saw several healthcare providers lose $13 million between October 2020 and 2024.

 

American officials said the suspects are citizens and residents of Nigeria and urged Nigeria’s frontline anti-graft office to help locate and take them into custody, according to officials familiar with the matter who briefed Peoples Gazette.

 

 

The U.S. officials have reached out to us and they said the suspects are hiding in the country,” an EFCC agent said under anonymity to comment on an ongoing investigation. “We have an obligation to honour the request of our U.S. counterparts as part of our longstanding collaboration to combat cross-border crimes.”

 

Messrs Shodiya and Jamiu targeted at least four Minnesota-based health service providers and tricked them into paying $13 million to a manipulated account rather than the intended beneficiaries.

 

 

Knowing that Optum Pay was the preferred payment system that major health service providers adopted in Minnesota, Messrs Shodiya and Jamiu created a fake domain to divert payment for health plans into an account they set up.

 

After creating a fake domain, fairviewhospitals.org, they opened email accounts in the name of the hospital’s CEO, executive vice-president and business analyst.

 

 

With the fake addresses, Messrs Shodiya and Jamiu sent emails to Fairview employees directing them to “access an Internet link and provide information,” including their usernames and passwords.

 

From the information supplied by the unsuspecting staff, the duo gained access to Fairview’s Optum Pay account and changed the bank information to another account.

 

“Defendants Babatunde and Ahmed then changed the banking information on vendor accounts in order to direct third-party vendors to transfer funds intended for Fairview Health into unauthorised bank accounts controlled by the defendants and their co-conspirators,” the indictment sheet stated.

 

 

While posing as Fairview Health CEO and executives, the suspects contacted vendor companies, including Blue Cross Blue Shield, to update their payment accounts with new ones.

 

“On or about July 29, 2020, Blue Cross Blue Shield of Minnesota made approximately 18 wire transfers totalling nearly $8 million to an account controlled by the defendants,” stated the indictment.

 

Company B, another vendor whose identity the FBI shielded, transferred over $1 million to the fraudulent account on November 19, 2020.

 

 

Company A, a vendor health plan provider, deposited $2.8 million into the fake account in two tranches: $1.4 million on November 25, 2020, and the second $1.4 million on December 4, 2020.

 

For impersonating Fairview’s CEO and other business executives on June 20, 2020, Mr Shodiya was facing additional charges of aggravated identity theft asides the wire fraud charges.

 

The duo will forfeit any money and property linked to the proceeds of the fraud to the U.S. government.

 

If the EFCC successfully tracks down Mr Shodiya and Mr Jamiu, they will be extradited to the U.S. to stand trial.

 

 

Peoples Gazette

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