Skip to content
October 5, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Suspect in a Case of N91m Fraud Dies in EFCC Custody
  • National News

Suspect in a Case of N91m Fraud Dies in EFCC Custody

Admin June 10, 2016

efcc logoDesmond Nunugwo, a suspect under investigation by the Economic and Financial Crimes Commission, EFCC, passed away today June 10, 2016 few hours after he was taken into custody. His demise was confirmed at the hospital where he was rushed after he suddenly took ill.

Late Nunugwu allegedly fraudulently obtained N91million from an acquaintance after he tricked her into believing that he had high net worth business associates in Dubai, United Arab Emirates who were at the verge of buying Nicon Insurance and convinced her of their disposition to help her stock fish business. Consequently, she wired N91m into Nunugwo’s nominated account (Mainagge General Merchants) in Diamond Bank.

After the transfer of the funds, Nunugwo became evasive forcing the complainant to report the transaction to the EFCC.

Consequently, Nunugwo was arrested in Utako, Abuja at about 5.33pm on Thursday, June 9, 2016. His statement was taken, where he admitted receiving the money from the complainant, with the additional information that he transferred N30m of the said money to Norway. But he could not explain the whereabouts of the balance of N61m.

The suspect was detained at about 7.30pm, in the absence of anybody to take him on bail.

Six hours later, he suddenly complained of discomfort and was rushed to the hospital where he was pronounced dead.

The incident has already been reported at the Wuse Police Station, where investigation into the cause of the sudden death has commenced.

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous NCC shows good faith, slashes MTN fine to N330bn, MTN to list at Stock Exchange
Next Presidency set to unveil 50 most innovative startups in Nigeria

Related Stories

EXPLAINER: Eight defected lawmakers were suspended long ago for gross misconduct – Zamfara Speaker 
  • National News

EXPLAINER: Eight defected lawmakers were suspended long ago for gross misconduct – Zamfara Speaker 

October 5, 2026
NSCDC Tragedy: FG donates N250m support for families of 37 victims
  • National News

NSCDC Tragedy: FG donates N250m support for families of 37 victims

October 5, 2026
Boat Mishap: 125 Rescued, Over 9 Missing as Local Divers Search River in Benue idoma native
  • National News

Boat Mishap: 125 Rescued, Over 9 Missing as Local Divers Search River in Benue

October 5, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

EXPLAINER: Eight defected lawmakers were suspended long ago for gross misconduct – Zamfara Speaker 
  • National News

EXPLAINER: Eight defected lawmakers were suspended long ago for gross misconduct – Zamfara Speaker 

October 5, 2026
Court ​‌‌‌⁠‍‍⁠⁠‍​​‌‍⁠⁠⁠‌‌​remands father, son over alleged murder FG vs ASUU
  • Metro News

Court ​‌‌‌⁠‍‍⁠⁠‍​​‌‍⁠⁠⁠‌‌​remands father, son over alleged murder

October 5, 2026
NSCDC Tragedy: FG donates N250m support for families of 37 victims
  • National News

NSCDC Tragedy: FG donates N250m support for families of 37 victims

October 5, 2026
NAF Begins Search, Rescue Operation After Aircraft Crash in Ondo, 32 Onboard air component
  • Breaking News

NAF Begins Search, Rescue Operation After Aircraft Crash in Ondo, 32 Onboard

October 5, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.