How Dangote escaped multi-billion naira fraud…Those involved

Dangote

A Federal High Court in Abuja has heard how businessman, Aliko Dangote, escaped being defrauded by some foreigners engaged to provide services for one of his companies, the Dangote Refineries.

The court also heard how one of the truck drivers, engaged by Dangote Cement, identified as Mohammed Tayiru (Tahir) and some others allegedly diverted truckloads of “thick iron pipes” estimated at billions of naira.

These were revealed in court documents filed by the Inspector General of Police (IGP), with which he sought arrest warrant against the foreigners and an order freezing five bank accounts in five banks, to which proceeds of the alleged fraud by Tayiru were traced.

The foreigners, who are mostly Asians, are identified as: He Jun,

Sun Yuzhu, Yong Li, Dr. Feng, Jaykumar Sagar and Rajnish Gupta, were said to have been engaged to lay under-sea pipes for the movement of crude oil to the Dangote Refineries in Lagos.

According the court documents, the Asians were said to have failed to perform the task for which they were engaged and allegedly forged a certificate of completion of contract, which they took before the London Court of International Arbitration (LCIA) tribunal, claiming $50million.

Their alleged fraudulent act was said to have been discovered when Dangote Refineries presented evidence before the LCIA that the Asians did not deliver on the task for which they were engaged.

On Friday, while arguing the application for arrest warrant, police’s lawyer, Rimamsomte Ezekiel, an Assistant Commissioner of Police (ACP) told the court that the respondents (the five Asians) “are all foreigners who are based in Lagos, Nigeria.”