EFCC Asked To Re-open Alleged $850m Fraud Probe Against Lulu-Briggs, Firm
The administrators of the estate of Dan Obuekwe, have called on the new chairman of the Economic and Financial Crimes Commission, EFCC, Mr Bawa Abdulrasheed, to re-open investigations into an alleged case of criminal conspiracy, forgery and tax evasion against Chief Benson Lulu-Briggs and his oil company, Moni Pulo Limited.
The widow of Dan Obuekwe alongside the administrators of the estate while calling on the new EFCC boss to ensure transparency and justice in the case also urged the anti-graft agency not to remove Chief Mrs Seinye Lulu-Briggs, from its watch list pending the conclusion of its investigation.
In a petition dated March 1, 2021, the petitioners accused Chief Lulu-Briggs and her company of “fraudulent conversion of company shares,” in which they were shareholders.
According to them, while investigation was still ongoing, the suspect (Mrs Seinye Lulu-Briggs) still went ahead to make illegal changes in the company, making herself, her daughter before her marriage to Chief Benson Lulu-Briggs and Lulu-Briggs foundation shareholders and directors in the company excluding Mr Obuekwe and his widow who were the initial shareholders of the company.
The complainants chronicled a series of petitions they had lodged against the suspects: Chief Benson Lulu-Briggs, Mrs. Seinye Lulu-Briggs, Dumo Lulu-Briggs and Moni Pulo Limited between 2007 and 2016.
According to Mr. Dan Obuekwe’s solicitors , the crux of his petition was that he was one of the initial subscribers and director of Moni Pulo Limited, where he was allotted 150,000 ordinary shares of the company, which represented 30 per cent of the holding of the company.
He is contending, “That the company and O.B. Lulu-Briggs and his son, Dumo Lulu-Briggs forged the company resolution and reduced his shareholding in the company to 100, 000 shares thus denying him his share of the profit of the company or payment of dividends as rightly entitled by virtue of his shareholding in the company.”