Stella Dimoko Korkus.com: Nigerian Oil Tycoon Walter Wagbatsoma Jailed In The UK For Divert Fraud

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Thursday, 18 January 2018

Nigerian Oil Tycoon Walter Wagbatsoma Jailed In The UK For Divert Fraud

Nigerian Oil Tycoon and business man, Walter Wagbatsoma, has been sentenced to three years and six months imprisonment for his part in an international conspiracy which swindled more than £13m from public services including Lincolnshire's mental health NHS trust.





Walter Wagbatsoma, 47, personally benefited to the tune of £480,000 from four frauds in the scam known as divert fraud.


Wagbatsoma and his co-conspirators rang up hospitals, councils, schools and housing associations posing as a legitimate building firm which was owed money by the organisations.


They then claimed their bank details had changed and instructed the organisations to put the money into a different account instead. The money was then moved around several accounts in a bid to make it untraceable.


Lincolnshire Police's four-year investigation into the fraud ring, called Operation Tarlac, began in 2011 after Lincolnshire Partnership NHS Trust was cheated out of £1.28m. A further 20 linked offences was identified resulting in losses of £12.6m.


A judge described the scam as a “sophisticated and widespread fraud in its conception and execution”. Twelve people from across the UK and as far afield as Dubai were sentenced for their part in the fraud last summer. Now the 13th conspirator Wagbatsoma is behind bars following a trial at Leicester Crown Court after he was convicted of conspiracy to launder money.







Wagbatsoma, an oil and gas businessman, was on trial in Nigeria at the time of his arrest for his part in a £1.9 billion oil subsidy fraud for which he was convicted and sentenced in his absence to 10-years imprisonment in January last year.

From Lincolnshirelive.co.uk



*JESUS!!!...So after his jail term in the UK;he will still have some years to complete in Nigeria....Na wah!
All the people that rallied around him and hailed him,where are they now?



11 comments:

  1. Na wa. This kind people will just be dashing girlfriends, side chickens and whats not money but at times they wont even remember family members.

    Fine man now turn worwor. Chop and enter prison nai be this.

    Oga Walter enjoy ooo. When you come back, come and do thanksgiving in church how your jail went.

    ReplyDelete
    Replies
    1. Good for those stupid oyinbo people I no de pity them rara the one de still by them self is much more than this amount but because is Africa man they have put him in prison

      Delete
  2. Enjoy your stay in jail. God's blessings till eternity is all I seek.

    ReplyDelete
  3. Such is life dear. Nobody cares how you make it. Just don't get caught.

    ReplyDelete
  4. Na wa o. I wonder what they do with all these billions of pounds. Abeg, he should serve his complete term in fact he shouldn't miss being served beans.

    ReplyDelete
  5. Enjoy your 3 years in UK and come back home and face dirty prison

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  6. Am beginning to think that for every 10 kids from wealthy homes in Nigeria, there's a 99% chance that the father/mother of 9 are thieves.

    ReplyDelete
  7. he will complete his UK jail terms but dat of naija I doubt. Cuz naija go give am opportunity to bail out.

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  8. If na naija them jail am now , one group go don dey threaten to bomb pipelines 😂😂, only country in the world where freedom fighters damage source of country economy

    ReplyDelete

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