The Economic and Financial Crimes Commission (EFCC) has issued a warning to the public regarding fraudulent land vendors operating within the Federal Capital Territory (FCT), Abuja.
This alert follows the arrest of Nwobo Williams Chibuike, who allegedly defrauded multiple individuals by selling non-existent plots of land in areas such as Kurudu, Sabon Lugbe East Extension, Kpeyegyi, and Jikoyi Village Extension.
According to EFCC spokesperson Dele Oyewale, Chibuike, posing as the Managing Director of companies like C&C Realty & Construction Limited, Dream-Krest Homes and Properties Limited, and Dan Faith Shelters Limited, collected payments ranging from ₦3.5 million to ₦60 million from unsuspecting victims.
Investigations revealed that the properties marketed by Chibuike and his agents did not exist, as confirmed by the Federal Capital Development Authority (FCDA).
The EFCC emphasizes the importance of due diligence when engaging in real estate transactions and advises the public to verify the authenticity of land vendors and properties before making any payments. Chibuike will face legal proceedings upon the conclusion of investigations.
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