How Atiku’s Wife, Titi, Was Defrauded Of N918m By A Former Guber Aspirant

Wife of former Nigeria’s Vice-President, Atiku Abubakar, Mrs. Aminat Titi Abubakar on Friday told a Lagos State High Court in Ikeja how former former governorship aspirant in Akwa Ibom State identified as Nsikakabasi Akpan defrauded her of the sum of N918 million.

Giving evidence before Justice Oluwatoyin Ipaye, Mrs Abubakar said: “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 is gone. I want this to serve as a deterrence to other fraudsters that they can’t defraud people and not face Justice.”

Akpan Jacobs and Abdulmalik Ibrahim are facing a 15 count charge of fraud and stealing N918 million being proceeds of sale of a property situate at Plot C63A , Amuwo Odofin
Commercial Layout along Oshodi Apapa Expressway , belonging to Tha Maritime Services Limited.

They however pleaded not guilty to the charge brought against them by the Economic and Financial Crimes Commission (EFCC).

Mrs Abubakar told the court that Akpan Jacobs , a pastor used the money to contest for governorship in Akwa Ibom State.

The company allegedly belonged to Mrs Abubakar, Dan and Fred Holmes both working for Julius Berger at the time.

The company was formed in 2000 with 49 per cent shares to Mrs Abubakar, 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 gone to the Corporate Affairs Commission where he altered the share arrangement in his favour.

He was alleged to have forged a company board resolution re distributing the shares ownership  giving himself 70 per cent , 15 per cent to Mrs Abubakar, and 15 per cent to Holmes.

With the shares re-distribution, Akpan Jacobs was alleged to have fraudulently assumed full ownership of  THAShipping  and subsequently sold a property worth N918m belonging to the company to Dana Motor Nigeria Ltd.

Mrs Abubakar is expected to continue her evidence on December 14, 2016 when the continues with the trial.

Part of the charge read, “that ‎Nsikakabasi Akpan Jacobs and Abdulmalik Ibrahim as the Managing Director and Company Secretary on about the 10th day of August 2008 in Lagos within Ikeja judicial division with intent to defraud stole and converted to your own personal use the sum of N918,000,000.00 being proceeds sale of the property and appurtenances situted at plot C63 A Amuwo Odofin Commercial. Layout along Oshodi-Apapa expressway, Lagos belonging to Tha shipping and Maritime Service limited entrusted with you as the Managing Director.

 ‎”Nsikakabasi Akpan Jacobs and Abdulmalik Ibrahim‎ on about the 1st day July 2002 in Lagos within Ikeja judicial Division with intent to defraud forged a Memorandum and Article of Association of Tha Shipping and Maritme Service Limited, dated the 1st day of July 2002 purporting the Signatures therein to have been signed by Florence Doregos and Fred Holms.”