Court Orders Popular Ponzi Scheme Operator to Refund People’s Money, Gets Ten Years Imprisonment
A popular ponzi scheme operator, Aisha Alkali Wakil has been sentenced to ten years imprisonment for defrauding her clients to the tune of N120,500,000.00k.
The judge ruled that the defendants must serve an additional seven years in prison for each of them unless they jointly restitute N66 million to the nominal plaintiff.
In the course of the trial, the prosecuting counsel, Mukhtar Ali Ahmed, called seven witnesses, including, Shehu Usman, an investigator with the EFCC, who testified that “Complete and Aid Care Foundation (Non – Governmental Organization) which Wakil operates was ran as a Ponzi scheme, by robbing Peter to Pay Paul.”
Aisha Alkali Wakil has been found guilty of fraud three times in as many months. On December 21, 2022, Justice Aisha Kumaliya of the Borno State High Court in Maiduguri found her guilty and sentenced her, Tahiru Saidu Daura, and Prince Lawal to ten years in prison for conspiring to commit fraud and obtaining N120,500,000.00 through false pretences.
On December 8, 2021, the defendants were charged with five revised counts by the Economic and Financial Crimes Commission (EFCC) Maiduguri Zonal Command.
Count two of the charge reads ”That you, Aisha Alkali Wakil, Tahiru Alhaji Saidu Daura, Prince Lawal Shoyade whilst being Chief Executive Officer, Programme Manager and Country Director respectively of Complete Care and Aid Foundation (Non – Government Organization) and Saidu Mukhtar (now at large) sometime in June, 2018 at Maiduguri, Borno State within the jurisdiction of this Honourable Court with intent to defraud obtained the sum of N45,000,000.00 (Forty Five Million Naira) from one Mohammed Umar Mohammed of Nyeuro International Limited under the false pretence of executing a purported contract of supply, installation and servicing of 10 pieces of Chison 600A, 2009 version deluxe ultrasound system, which you knew to be false and thereby committed an offence contrary to Section 1(1) (b) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006 and Punishable under Section 1 (3) of the same Act”.
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Count four of the charge reads: ”That you Aisha Alkali Wakil, Tahiru Alhaji Saidu Daura, Prince Lawal Shoyade whilst being Chief Executive Officer, Programme Manager and Country Director respectively of Complete Care and Aid Foundation (Non – Governmental Organization) and Saidu Mukhtar (at large) sometime between June and August 2018 at Maiduguri, Borno State within the jurisdiction of this Honourable Court did conspire to do illegal act to wit; cheating by obtaining 3000 (Three Thousand) bags of 50kg white beans worth N65,000,000.00 (Sixty Five Million Naira) from one Mohammed Umar Mohammed of Nyeuro International Limited under the pretence of executing a purported contract of supply of the said beans which you knew to be false and thereby committed an offence contrary to Section 96 (a) and Punishable under Section 97 of the Borno State Penal Code Laws Cap 102. The defendants had pleaded “not guilty” to the charges.
The defendants made the decision to file a no-case submission after the prosecution concluded its case on March 16, 2020, but the court rejected it on September 27, 2021, and the defendants were then told to start their own case. Justice Kumaliya’s ruling today stated that the prosecution’s case against the defendants was proven beyond a reasonable doubt.
“The Court hereby finds you Aisha Alkali Wakil, Tahiru Alhaji Saidu Daura, Prince Lawal Shoyade guilty and convicted you as charged” the Judge ruled.
On the first count, Justice Kumaliya gave them a seven-year sentence, and on the second, a ten-year one. The judge gave the offenders a five-year prison term on the third offence.
The sentences must flow together. The judge ruled that the defendants must serve an additional seven years in prison for each of them unless they jointly restitute N66 million to the nominal plaintiff.
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