Former Vice President, Atiku Abubakar’s wife. Titilayo
Abubakar has revealed how her business partner who
is also a pastor defrauded her of N918 million because
she trusted him.
While testifying at the Lagos state High Court in Ikeja,
Mrs Titilayo narrated how Pastor Nsikakabasi Akpan-
Jacobs and two other people duped her.
According to her, Pastor Akpan-Jacobs sold a property
belonging to their company, THA Shipping MAritime
Services Ltd to Dana Motors Nigeria. She also revealed
that she was the highest shareholder of the company
with 49% shares while Pastor Akpan-Jacobs and their
other partner, Mr Fred Holmes each had 25%shares.
She accused Pastor Akpan-Jacobs of going to the
Corporate Affairs Commission where he altered the
share holding in his favour and forging the company’s
board resolution.
She also revealed that when the fraud initially
happened, they agreed to settle out of court but
instead of settling, Pastor Akpan-Jacobs went to sell
the cranes and the company and gave EFCC N16
million which she received.
Economic and Financial Crimes Commission, EFCC, had
slammed the accused with a 15-count charge
bordering on conspiracy, stealing and fraudulent
conversion of property worth N918 million belonging to
the company.
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