FRAUD:HOW TWO NIGERIANS OPENED 752 BANK ACCOUNTS IN THE UK

A Nigerian fraudster who hijacked the identities of soldiers and nurses in a $1.3 million benefits plot has been jailed in the UK for six years.

Chibuikem Uzoma-Ubani and another Nigerian partner in crime opened 752 bank accounts to perpetrate the fraud.

Chibuikem Uzoma-Ubani, 29, persuaded several lovers to help him launder the profits from the swindle that targeted tax credits and Sure Start maternity grants, reports The Daily Mail.

Denisa Camacho, 28, of Godmanchester, Cambridgeshire, and Katrina Papiernikova, 27, of Romford, Essex both had relationships with Uzoma-Ubani, after arriving in the UK from Slovakia and were accused of turning a blind eye to his activities.

Uzoma-Ubani, of Romford, Essex, married Camacho in 2004, then divorced her and had two children by Papiernikova.

The women both insisted they knew nothing about his crooked schemes and were both cleared of money laundering, but a third lover Ornela Miguel, 26, admitted the offence. Uzoma-Ubani and fellow Nigerian Leonard Nwannenah, 33, of Dagenham, Essex, opened a ‘bewildering’ 752 bank accounts using the names of hard-working medics and members of the armed forces over a six-year period.

The pair were jailed Monday for six years each while Miguel was handed a three-month sentence, suspended for 12 months.

Nwannenah’s younger brother Okechi Nwannenah, 30,

LATEST NEWS:REAL REASONS DON JAZZY AND DBANJ ARE FIGHTING

When the news broke out that Don Jazzy had moved out of the Lekki apartment he shares with Dbanj, fans and friends of the duo in the entertainment industry where shocked.After we did the story on the alleged rift between the duo, a highly dependable source disclosed that the issue is not a rumour but true.We wish that these young millionaires who have changed the face of entertainment in Nigeria would have a re-think and keep the industry flowing in the right direction.

Another source also told gistmaster that the duo of Don Jazzy and Dbanj have been having issues for sometime but they always make up, so don't be suprised if they announce anytime soon that their personal and business relationship is still rock solid.

CLICK HERE TO READ REASONS WHY THEY ARE FIGHTING

LATEST:CARLOS SLIM BEATS BILL GATES AS WORLD RICHEST MAN

   Mr. Bassey, a character in Basi & Company, a tele-comedy series on TV (written and produced by late Ken Saro Wiwa) was fond of the statement "To be a millionaire, think like a millionaire). Don't just think like a millionaire or billionaire, read about them as much as you can. Below is one of such report that you should digest.lol

Carlos Slim, the telecommunications tycoon who controls Mexico's America Movil SAB (AMXL), is the richest person on Earth, according to the Bloomberg Billionaires Index, a daily ranking of the world's 20 wealthiest individuals.

The 72-year-old's net worth fell $478.4 million in a day to $68.5 billion as of the close of markets on March 2, as U.S. moguls Bill Gates and Warren Buffett placed second and third on the list compiled by Bloomberg News. Brazil's Eike Batista, who ranks 10th, still covets the top spot after vowing a year ago that he'd become the world's wealthiest man by 2015.

"I'm competitive," Batista, who trails Slim by almost $39 billion, said in a March 2 telephone interview from Rio de Janeiro. "It's Brazil's time to be No. 1. Brazilians have always admired the American dream. What's happening in Brazil is the Brazilian dream and I happen to be the example."

The Bloomberg Billionaires Index takes measure of the world's wealthiest people based on market and economic changes and Bloomberg News reporting. Each net worth figure is updated every business day at 5:30 p.m. in New York. The valuations are

PRESIDENT JONATHAN TO RESHUFFLE CABINET

 Nigeria's President, Dr. Goodluck Ebele Jonathan is expected to reshuffle his cabinet very soon. According to report monitored on punchng.com , Mr. President wpuld be dropping three ministers due to poor performance.Sources told the Nigerian newspaper that this would be a prelude to June 2012 when another batch of ministers appointed into government would be sacked.
Did i hear you say, this is long over due?

DON JAZZY VS DBANJ OR DBANJ VS DON JAZZY: SOURCES SAY SPLIT IMMINENT

There are strong indications that the silent war between Don Jazzy and Dbanj might be getting out of hand. Sources very close to the two entertainers and directors of Mo'Hits records diclosed to gistmaster.com that the two of them have been having disagreements and it all bothers on ego problem but they have been trying to keep things low because of the public.All you see them doing in public in recent times is cosmetic

 Dbanj, we gathered, was not particularly happy that some of his works have not received adequate attention from Don Jazzy in recent times, unlike before. He is also said to be disatisfied over a particular deal. "If care is not taken, they might call it quit with their business relationship soon" the source hammered.
 As a way of confirming the story, Gistmaster reached out to Media Image Managers, the media consultant of Mo'Hits,they said they have not been briefed over the matter.We have heard the same thing just like every other person"
"If there are issues at all, we will get back to you", a spokesman for the company told gistmaster on phone

KEFEE CONFIRMS WEDDING TO TEDDY ESOSA

Despite the huge denial recently by Kefee that she did not get married or have plans within this time to do so, the traditional wedding pictures of the singer have surfaced on the internet. She had earlier denied that she was about to get married for personal reasons.Gistmaster.com  monitored as Kefee later confirmed the news of her wedding online

  Kefee got married to Teddy Esosa Don Momoh of STAR FM last saturday in Sapele, Delta State.
Here is congratulating them on their union.
Kefee and her ex-husband,Alec Godwin parted ways in 2008 due to allegation and counter allegations of infidelity and domestic violence.

DIAMOND BANK MOVES TO DECLARE SIR EMEKA OFFOR BANKRUPTS OVER N2 BILLION DEBT

By Adelani Adepegba

Diamond Bank Plc has begun moves to declare an oil magnate, Mr. Emeka Offor, bankrupt following an alleged N2bn debt owed by his company, Chrome Oil Services.

According to a document obtained by SUNDAY PUNCH, the bank had granted a series of loans to Chrome oil which amounted to N750m, but the firm defaulted in the payment of the facility which had accrued to over N2bn by December, 2011.

Investigations further showed that the oil firm allegedly reneged on its promises to pay the loan contrary to the agreement it entered with the bank, before it was granted the facility.

According to the bank, after repeated demands to pay the debt, then in excess of N1.3bn, the company in October, 2006 made a proposal to the bank to pay N750m as final settlement within 12 months, through monthly instalments of N62.5m with effect from December, 2010.

"The bank accepted the offer on the condition that if the company failed to abide by the monthly payment agreement, the concession granted it would be cancelled and it would be liable to repay the total outstanding sum, including the interest suspended.

"It also threatened to sell the company's property in Asokoro, Abuja, which the company mortgaged to it. Offor who personally guaranteed the loan repaid only one instalment of N62. 5m within the 12 months limit that the company set out," the bank said on Friday.

When all efforts by the bank to recover the money failed, it served Offor, a chieftain of the Peoples Democratic Party and his company notice that the concession had been withdrawn and that the quantum of the indebtedness, with interest application that was hitherto suspended, had increased to N2bn.

A letter to Offor dated March 1, 2012, read, "Take notice that as a consequence of your company's unwillingness to repay its debts and in deference to your representation to the bank in the deed of personal guarantee, which you voluntarily signed and which it relied on to grant the loans that led to the debt, we hereby call-in your guarantee by demanding that you personally repay the debt within seven days from the date of the letter, failing which the bank will commence steps to declare you bankrupt for inability to repay your debts, to enable a liquidator to be appointed over your assets for it to recover its funds."

Offor could not be reached on Friday as he did not respond to several calls and a text message sent to his phone by our correspondent.

The text read, "Sir, I will like to get your comment on the moves by Diamond Bank to declare you bankrupt over a N2bn debt."