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Atiku’s wife tells court how gov aspirant allegedly defrauded her of N918m

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Titi Abubakar

Titi Abubakar

Fomer Vice President Atiku Abubakar’s wife, Titi has told an Ikeja High Court how a former governorship aspirant in Akwa Ibom State, Nsikakabasi Akpan-Jacobs, allegedly defrauded her.

She narrated to the court presided over by Justice Oluwatoyin Atinuke Ipaye how the defendants allegedly went to the Corporate Affairs Commission (CAC) and altered a share arrangement in their favour.

Nsikakabasi Akpan-Jacobs, Abdulmalik Ibrahim and Dana Motors were arraigned by the Economic and Financial Crimes Commission (EFCC) on a 15-count charge bordering on conspiracy, stealing and fraudulent conversion of property belonging to THA Shipping Maritime Services Ltd.

The company allegedly belonged to Mrs. Atiku, Dan and Fred Holmes both working for Julius Berger at the time. She said: “The first defendant was introduced to me in the villa when we were in the service. He said he was looking for a contract, but I told him I didn’t have any contract to give him. ‎But I introduced him to SUDORIN. So, he admitted he would do the job. I trusted him for being a pastor.”

She further explained to the court that the company was formed in year 2, 000 with 49 per cent shares to her, 25 per cent to Holmes and 25 per cent to Akpan-Jacobs.

Akpan-Jacobs, who doubled as the company’s managing director and secretary, was however, alleged to have gone to the Corporate Affairs Commission where he altered the share arrangement in his favour.

Mrs. Atiku also told the court how the defendants had forged a company board resolution re-distributing the share ownership giving himself 70 per cent, 15 per cent to Mrs. Atiku and 15 per cent to Holmes.

“With the share re-distribution, Akpan Jacobs assumed full ownership of THA Shipping and subsequently sold a company property worth N918 million to Dana Motors Nigeria Ltd.

“Akpan-Jacobs, a pastor, used the proceeds from the sale of the company’s property to contest for the governorship position in Akwa Ibom State.”

She therefore lamented that her investment in the company had gone down, adding that her interest in coming to the court was to ensure that justice was done.

“I have never been inside a court before. Not even a police station in all my life. I am here because I want justice. All my investment and even profit are gone. I want this to serve as a deterrent to other fraudsters that they can’t defraud people and not face justice,” she said.After listening to her testimony, the judge subsequently adjourned further hearing till December 15, 2016.


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EFCCTiti Abubakar
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8 Comments
  • Illumin8ED

    Madam thief wats our biz?

  • infinity2020

    Now its dogs eats dogs. Can your husband tell Nigerians how he managed to wire $40 million to America in 5 years? Were you the same Titi Atiku residing in Potomac in the US?. You are seeking justice if Jonathan is still in power there will be no need to go to court you all know how to recoup your loses. Its our turn now. The people will win in the end

    • Focalpointman

      u are insane

  • Kunle Adegboye

    While justice must be done, the EFCC should also go to work to ascertain how Mrs. Atiku made her money to be able to invest in the company.

  • Daniel Dalon

    Yet another wife set up a company to defraud the government but her partners defrauded her….it’s smells like dame Patience setting up a company to launder $15 mil, but in her own case it’s the EFCC that caught her

  • godwyns

    Wonder what Mrs Atiku’s career was (or is) that made her such millions. In a country where justice actually works, she would be prosecuted herself. Although in countries where justice works, this nonsense drama will not happen. Shame on Nigeria. We are the blind being led by the clever blind. #GoingNoWhereSlowly

  • OLU EZEKIEL

    Where did you get N918m?

  • Tantolorun

    Egunje backfired. Speak the whole truth!