Fraudsters reportedly sell Lagos lagoon for 2.2 million dollars

Don't joke with these guys... They can sell a whole nation self. A US-based Nigerian businessman got the shock of his life when land agents led him to a lagoon after he had parted with about 2.2 million dollars as part-payment for 150 plots in Lagos, Nigeria. 

Kennedy Chukwuemeka Nwabuoku told detectives at the Force Criminal Investigations and Intelligence Department (FCIID), Lagos, how he had paid 1.6 million dollars in installments among other charges, plus another 50,000 dollars for bush clearing in February, and how the agents were sending him pictures and videos of caterpillars in action at the purported site at Ifedele Agunbiade Village, Sangotedo, in Eti-Osa area of Lagos.

Nwabuoku told the police that he bought the unseen land with a foreign partner and had paid in fiduciary trust, sending monies on different occasions through his company, KenBouk Global Investment Ltd.

The agents eho he identified as Emeka Okoronkwo and Michael Owolabi Alonge, had offered the land for sale at14,500 dollars per plot with Certificate of Occupancy (C of O).

According to report, members of Nwabuoku’s family in Nigeria who wanted to see the site were told that the land was in an area bought by prominent Nigerians like former President Olusegun Obasanjo and Oba Riliwanu Akiolu, and it was cordoned off so that ordinary citizens could not gain access.

When he became suspicious, Nwabuoku sent the C of O to a friend to verify, and the friend found that no such land or location described in the document existed. WOW!

He decided to visit Nigeria and inspect the land for which he had paid the property agent, Okoronkwo, who was identified as owner of Kings Court Realtors at Plot 321A, Akin Ogunlewe Street, Victoria Island.

Upon arrest, Okoronkwo allegedly admitted that he collected 1.7 million dollars for 100 plots, agency fees and legal fees through transfers to Kings Court Realtors’ accounts in two banks.

They also found that the C of O given to Nwabuoku is a fake one, and that Alonge who introduced him to Okoronkwo “masterminded the fraud”.