Fraudulent Businessman Jimoh Ibrahim To Be Guest Speaker At Police Anti-Corporate Fraud Seminar

Has troubled Nigerian businessman, Jimoh Ibrahim, moved from criminal
to magician?
The controversial magnate is scheduled to be a guest speaker next week
at an event organized by the Nigerian police and the UK Metropolitan
Police in collaboration with the Central Bank of Nigeria and the Asset
Management Corporation of Nigeria. In effect, he will be speaking to
some of the very people who, intheory, are examining his nefarious
activities.
The choice of Mr. Ibrahim, who is currently under investigation for
fraud by the Economic and Financial Crimes Commission (EFCC) and the
Federal Inland Revenue Service (FIRS) for tax evasion, has set tongues
wagging. Just a month ago in New York, Mr. Ibrahim was dragged to
court byAersale Inc., an aircraft leasing company, over nearly
$8million he owes in leasing fees, interest, costs, and attorneys'
fees.
Mr. Ibrahim entered into an agreement with the company as a guarantor
to lease two Boeing 737-300 airplanes for his airline, Air Nigeria,
which has since folded up.
A former staff member of Mr. Ibrahim's company described him as a man
who has embezzled, defrauded and killed many companies in Nigeria. He
said, "Mr. Ibrahim killed NICON Airways, killed NICON Insurance,
killed Energy Oil, buried Air Nigeria - Nigeria's Flag carrier and
best customer airline, buried Newswatch Magazine."
Recently Saharareporters investigations revealed that Mr. Ibrahim
embezzled N36 billion from a federal aviation bailout fund
administered by the Central Bank of Nigeria. The money had been
provided to shore up the airlines. The FIRS also accuses Ibrahim of
failing to pay taxes worth N3.5 billion and of embezzling employees'
cooperative funds, pension funds, tax deductions and tax revenues
accruing to the Nigerian government.
The Commissioner of Police in charge of the Special Fraud unit,Tunde
Ogunshakin who is believed to be a close friend of Mr. Ibrahim, is
responsible for putting together the weeklong "Corporate Fraud"
conference from July 1-5, 2013. It is unclear if Mr. Ibrahim has
magically done a deal to educate police bodies about how to prevent
such fraud, including across borders.
So far, he continues to be investigated for fraudulent activities
relating to corporate fraud in several courts and policing agencies in
Nigeria.