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Ogunsakin
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Juliana Francis
The Special Fraud Unit (SFU) has assisted the
Chinese Government in arresting a Chinese fugitive who ran to hide in Nigeria
after defrauding some of his countrymen of money running to millions.
The Chinese lawyer has been named as Mr. Fang
Yang, 50. Incidentally, Yang was not the only one who committed the crime. His
partner in crime, who is said to be the main suspect, is one Leng Jiqing.
Jiquing was arrested and sentenced to life imprisonment in China while Yang ran
to Nigeria.
Yang was apprehended at Golden Silk Ovic, Ogun
State after three weeks of chase. The chase after Yang begun after SFU on
August, 28, 2013, received a petition from the Chinese Government, through its
Consulate in Nigeria, asking for collaboration to arrest a fugitive who ran
away from the shores of China to Nigeria.
The Commissioner of Police, in charge of SFU, Mr.
Tunde Ogunsakin, explained that the Chinese government complained through the
letter that Yang and Jiqing, former Legal Representative of Qingdao Sifang
Qiaolian Trade Co. Beijin, were wanted for 8million Yen loan syndicated through
a fake bank deposit receipt in 1996 to get a mortgage from second Sub Branch of
China Agricultural Bank of Qingdao.
After the bill was discounted, the majority of the
money was paid for the debts of their company and balance spent for the daily
expenses of the company, while only 1.55million RMB was paid back to Licang
second Sub-Branch of Qingdao Branch of China Agricultural Bank. This led
to a loss of 6.45million RMB to the bank.
Yang, an old Chinese businessman who came to Nigeria
in 2001, told SFU detectives that he committed the crime. He said that he
joined a company named Si Fang Qiao Lian in China as a Deputy Manager, adding
that the MD of the company gave him two fixed deposits draft with his name on
one and the name of Branch Manager on the other.
The MD instructed him to take the cheques to a Bank
named Li, Lang Nong Ye Yi Hong.
According to him, the cheques were used to obtain
loan from the bank and that they could not pay back the loan.
He stated further that the case was taken to court in
China and that the sum of 1.8million Yen was paid back to the bank while the
remaining balance was unpaid.
He then relocated to Nigeria to start his own
business and new life.
After interrogation, the suspect confirmed to the
crime and his readiness to pay back the remaining sum of 4million Yen which is
an equivalent of N105,000,000.00 (One Hundred and Five Million Naira
Only) in Dollar denomination of $644,171 and the money has been recovered.
Ogunsakin said: “The Unit hereby hand-over the sum of
$644,171 being amount recovered for the unpaid loan obtained from 2nd
Sub Branch of China Agricultural Bank of Qingdao to the Nigerian Chinese
Embassy for onward transfer/delivery to the Chinese authorities. I use this
medium to advise criminals who commit crimes outside the shores of this country
that Nigeria is not a hiding place for them and that the Police will always
fish them out.”
Posted by Juliana Francis at
11:38 PM
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