Atiku’s Wife Tells Court How She Was Defrauded Of N918m By Ex-governorship Aspirant

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SAN FRANCISCO, November 25, (THEWILL) – Wife of former Vice-President, Alhaji Atiku Abubakar, Mrs Aminat Titi Abubakar, has told a Lagos High Court sitting in Ikeja how she was defrauded of N918 million by a former governorship aspirant in Akwa Ibom State, Nsikakabasi Akpan Jacobs.

Jacobs, Abdulmalik Ibrahim and Dana Motors were arraigned by the Economic and Financial Crimes Commission, EFCC, on a 15-count charge of conspiracy, stealing and fraudulent conversion of properties belonging to THA Shipping Maritime Services Ltd.

Led by the prosecution counsel, Mr Babatunde Sonoiki, Mrs Abubakar told the court presided over by Justice Oluwatoyin Ipaye how Akpan allegedly scamed her of her shares in the company and other proceeds.

She told the court thàt Jacobs, who doubled as the company's managing director and secretary, had allegedly gone to the Corporate Affairs Commission, CAC, where he altered the share arrangement in his favour.

She claimed that the former governorship aspirant forged a company board resolution re-distributing the shares ownership and alloted 70 per cent to himself , 15 per cent to her and 15 per cent to Holmes.

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

When asked, Atiku’s wife said Akpan told her that he allotted major shares to himself in order to obtain loan from the bank for the company.

Testifying further before the court, she stated that Jacobs, who is a pastor, used the proceeds from the sales of the company's property to contest for governorship election in Akwa Ibom State.

Mrs Abubakar lamented that her investment in the company had gone down the drain, explaining that her interest in coming to court is to ensure that justice is done and to serve as a warning to other fraudsters.

“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 are gone. I want this to serve as a deterrent to other fraudsters that they can't defraud people and not face justice,” she said.