Court convicts Nigerian in $1m International oil fraud case

Court

The Nigeria Police Force has secured the conviction of one David Udensik, also known as Dr Jacob Bello, for his role in a transnational oil-related fraud scheme amounting to over $1 million.

In a statement issued on Tuesday by the Force Public Relations Officer, Benjamin Hundeyin, the police said the conviction followed a petition by a United States–based energy company, which alleged that the suspect obtained funds under the pretext of facilitating legitimate crude oil transactions in Nigeria.

“The conviction followed a petition by a United States–based energy company, alleging that the suspect obtained funds from the firm under the pretext of facilitating legitimate crude oil transactions in Nigeria,” the statement said.

It added that operatives of the Nigeria Police Force, National Cybercrime Centre commenced investigations which revealed that the suspect, between 2018 and 2023, operated a coordinated criminal network that forged documents purportedly emanating from the Nigerian National Petroleum Company Limitedand other regulatory platforms to deceive the victim company. Punch