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Factory Worker Beheads Colleague After Seeing His N13m Account Balance

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Wisdom Nwachukwu and Moses Moses were not only colleagues at a bottle water factory in Auchi, Edo State, they were close friends before money severed their ties. It was Moses who allegedly pulled a fast one on Nwachukwu and cruelly ended the relationship over N13m.

It was learnt that Nwachukwu showed Moses a credit alert of N13m that his brother based in South Africa sent to him to execute a building project at their hometown in Imo State on his behalf.

While they were both on a night shift, Moses reportedly lured Nwachukwu to a deserted location around the company knifed him to death, and fled with his phone and Automated Teller Machine card.

He was said to have taken the phone and the ATM card to some Internet fraudsters in Auchi who helped him to withdraw N2.2m from Nwachukwu’s account.

Our correspondent gathered that Nwachukwu’s family became worried when they did not see him or reach him on the phone.

A case of a missing person was consequently reported to the police and a petition was addressed to the Inspector-General of Police, Adamu Mohammed, who directed the Intelligence Response Team to investigate the incident.

The IRT operatives were said to have tracked some POS transactions Moses carried out with Nwachukwu’s ATM card to Benin City, Ore, and Auchi areas of Edo State and arrested him in a hotel where he was hiding.

“During interrogation, he confessed to the crime and led the operatives to arrest some Internet fraudsters, Yusuf Sagiru, Tony Bright, Terence Okochukwu and a businessman, Jahswill Ogbonnaya, who assisted him in withdrawing a total sum of N6m from the account,” a police source said.

Speaking with City Round during the week, 27-year-old Moses, who hails from Auchi, said he committed the crime out of greed, lamenting that his friend’s ghost had been hunting him since he was killed.

He said, “I work in a bottle water company in Abely area of Auchi and I have been working in that company for four years. When Nwachukwu got a job in the factory, I was the one who taught him how to operate some machines and we became close friends.

“While we were working in the company in January 2020, Nwachukwu told me about his brother who lives in South Africa and how he has been sending money to him to build a house for him. He showed me an alert of N13m which his brother just sent to him and that he would be travelling to their village to carry out the project.

“I was envious of him and decided to steal the money. I tricked him, collected his phone password, and went through it. I found his ATM card pin and on January 8 when we were both on duty, I lured him outside the company and stabbed him with a knife.”

Moses, a graduate of Mechanical Engineering, explained that he dragged Moses’ body into the bush and cut off his head so that people would not recognize the victim easily.

He added, “I buried it and took his ATM card to some fraudsters. I gave it to someone who hacked the account and stole N2.2m. I had trouble with Yusuf because he and his gang members wanted to cheat me.

“I stayed in several hotels in Ore and Benin City and spent nice time with women. My friend’s spirit started disturbing me. Whenever I wanted to sleep, his spirit would appear to me and he would be crying. I regret my actions now.”

One of the arrested accomplices, Ogbonnaya, 29, said he only helped to transfer N1m from Nwachukwu’s account through one Alhaji in Lagos who collected N400, 000 as his commission.

Ogbonnaya, a native of Arochukwu in Abia State and a graduate of computer science, said he used a money transfer app to perfect the fraud.

He stated, “I sell electrical materials in Aba. Some friends brought an ATM card to me and asked me to help them withdraw money with it. I used the card to make a purchase and used the authentication number to credit my paystack wallet with the card.

“I took just N1m from it and contacted my friend who lives in Lagos. He linked me up with one Alhaji who gave me his account. He took N400, 000 as his commission and the remaining N600, 000 was sent to the friends who brought the card through Tony.

“It was on July 3, 2020, that I was arrested. Tony had called me for another deal unknown to me that he was with the police. I was arrested when I showed up.”

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BREAKING: EFCC Declares Yahaya Bello Wanted [PHOTO]

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Yahaya Bello, the former governor of Kogi state, has been declared wanted by the EFCC.

He reportedly evaded arrest yesterday when the commission visited his home to enforce arrest.

More to come…

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Hydrogen, CCHub Partner To Encourage Fintech Startup Success

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As the country faces economic challenges, the need for adaptive strategies in the fintech industry becomes paramount. In line with this, leading fintech startup Hydrogen Payment Services Limited (‘Hydrogen’) has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed ‘Adapting Fintech Business Models to Economic Climates’.

The event is set to take place on Thursday, April 18, 2024, from 12:00 a.m. WAT at the CCHub office in Sabo, Lagos, will delve deep into the intricacies of Nigerian economic challenges and how these influence the fintech ecosystem. Participants will gain actionable insights on how to adapt fintech business models to volatile economic conditions by prioritising flexibility, agility, and customer-centricity.

This collaboration underscores the shared commitment of both entities to empower aspiring founders venturing into the fintech space amidst economic uncertainties. By leveraging their respective expertise and resources, Hydrogen and CcHub aim to equip
emerging entrepreneurs with the knowledge, tools, and support needed to thrive in today’s dynamic economic conditions.

Emeka Awagu, Chief Technology Officer at Hydrogen, commented on the strategic partnership with CcHUB: “Our alliance with CcHUB amplifies our shared commitment to pioneering transformative solutions in the Nigerian fintech sector. By leveraging Hydrogen’s technological expertise alongside CcHU’s innovative approach, we are primed to set a new standard for fintech excellence and drive impactful change across the industry.”

The event will feature a distinguished panel of industry experts and thought leaders. including Ina Alogwu, Group Director, Digital Transformation, ARM HoldCo; Emeka Awagu, Chief Technology Officer, Hydrogen; and Miracle Ezechi, Digital Marketing Manager, Hydrogen.

The panel discussion will be moderated to encourage an engaging and insightful conversation on the strategies and innovations required to thrive in the Nigerian fintech landscape amidst economic challenges.

Interested attendees are encouraged to register here and reserve a spot.

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ECONOMY: CBN Not Using Foreign Reserves To Defend Naira — Olayemi Cardoso

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The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, asserts that the nation is not defending the value of the naira with its foreign reserves.

He made this known on Wednesday in Washington, DC, where he is attending the International Monetary Fund-World Bank Spring Meetings.

Cardoso said $600 million came into Nigeria’s reserves account within the last two days.

The naira has appreciated against the dollar in recent weeks, gaining over 40%, from about N1,900/$ to about N1,000/$1 now. But while the naira rebound, Nigeria’s foreign reserves are dwindling, dropping to about $32.29 billion on April 15 — the lowest level in over six years.

Cardoso said, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where for example, debt is due and certain payments need to be made because that is also part of keeping your credibility.

“Other times money comes in, it takes it up again. Between yesterday and today, about $600 million came into the reserves account. We are looking towards a market that operates by itself, willing buyers, willing sellers and price discovery.

“The shift in our reserves has really little or nothing to do with defending naira and that is certainly not our objective.”

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