N11.4b fraud: EFCC hands over 116 cars to First Bank

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The Economic and Financial Crimes Commission (EFCC) yesterday  handed over 116  cars and 20  landed properties in Edo, Rivers and Lagos states recovered from Michael Obasuyi Osasogie to First Bank Plc.

Osasogie confessed to an N11.4billion fraud and sought a plea bargain.

A statement by the Acting Head of Media and Publicity of EFCC, Mr. Tony Orilade, said Osagie created fraudulent and imaginary monies through the aid of Fundgate Financial Application.

The statement said: “Trouble began for Osasogie after a petition he wrote to the Commission against E-tranzact in March 2018.

“The…



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