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N270m fraud: EFCC nabs fake army general

Mr Oluwasegun, in his bid to defraud the victim, also allegedly forged several documents and the signature of the President.

The Economic and Financial Crimes Commission (EFCC) said on Thursday that it had arrested a suspected fake Army General for alleged N270 million fraud.
EFCC’s spokesperson, Wilson Uwujaren, said in a statement that Bolarinwa Oluwasegun was arrested by the operatives of the Lagos zonal command of the commission.


Mr Oluwasegun is accused of making false representations to the complainant, Kodef Clearing Resources, that President, Muhammadu Buhari had shortlisted him and one other to be appointed as the Chief of Army Staff (COAS), and, thus, needed a short grant “to press and process the appointment.”

He was also said to have forged a letter of appointment as COAS purportedly signed by the President and showed the same to the victim to further prove his claim.

EFCC said the suspect was arrested at his house in the Alagbado area of Lagos State on Wednesday.

“Upon his arrest, six pump action guns, three cartridge bullets, a swagger stick and several forged documents were recovered from him,” the statement added.

Read EFCC’s full statement

EFCC Press Release

EFCC Arrests Fake Army General Who Claimed Buhari Nominated Him As COAS for Alleged N270m Fraud
Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Bolarinwa Oluwasegun, a fake Army General, for an alleged N270m fraud.

The suspect, who posed as a General in the Nigerian Army, allegedly made false representations to the complainant, Kodef Clearing Resources, that the President, Muhammadu Buhari, had shortlisted him and one other to be appointed as the Chief of Army Staff, COAS, and that he needed a short grant “to press and process the appointment.”

He also allegedly forged a letter of appointment as COAS purportedly signed by the President and showed the same to the victim to further prove his claim.

In the said letter, he claimed that he needed to pay a certain amount of money into the coffers of the Federal Government of Nigeria, as part of the requirements for the appointment as COAS.

Mr Oluwasegun, in his bid to defraud the victim, also allegedly forged several documents and the signature of the President.

He was arrested at his house in the Alagbado area of Lagos State on Wednesday, January 12, 2022.

Upon his arrest, six pump action guns, three cartridge bullets, a swagger stick and several forged documents were recovered from him.

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