Alleged N918m Fraud: Fmr VP Atiku’s Wife, Titi Abubakar Testifies In Court

Channels Television  
Updated November 25, 2016

Alleged N918m Fraud: Fmr VP Atiku's Wife, Titi Abubakar Testifies In CourtWife of Nigeria’s former Vice-President, Mrs Titi Abubakar, testified on Friday at the Lagos High Court sitting in Ikeja.

She testified of how she was allegedly defrauded by a former governorship aspirant in Akwa Ibom State, Nsikakabasi Akpan Jacobs.

Asikakabasi Akpan 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 belong to THA Shipping Maritime Services Ltd.

The company was said to have been formed in year 2000 with 49% shares belonging to Mrs Abubakar, 25% belonging to Dan & Fred Holmes who were both working at the time for Julius Berger and 25% to Akpan Jacobs.

Akpan Jacobs who doubled as the company’s Managing Director and Secretary was however alleged to have gone to the Corporate Affairs Commission (CAC) where he altered the share arrangement in his favour.

In her testimony, Mrs Atiku said that Akpan Jacobs, used the proceeds from the sales of the company’s property to contest for the governorship position in Akwa Ibom State.

She lamented that her investment in the company had gone down the drain, and stated that her interest in coming to court was to ensure that justice is done.

Mrs Atiku is expected to continue her evidence in court on December 14, 2016.