Connect with us

    Hi, what are you looking for?

    World

    U.S. Auctions Seized Luxury Items from Convicted Nigerian Official Abidemi Rufai – Ravenewsonline

    Abidemi Rufai, a former Ogun State official, was jailed in the United States on September 26, 2022, for wire fraud and aggravated identity theft.

    He attempted to steal nearly $2.4 million from the U.S. government using stolen identities, including approximately $500,000 in pandemic-related unemployment benefits.

    Rufai succeeded in defrauding 12 U.S. agencies of $600,000, which was paid into bank accounts he controlled.

    Based on his plea agreement, Rufai agreed to pay full restitution of $604,260 to the defrauded agencies.

    To partially offset this amount, the U.S. government auctioned two valuable items seized from him during his arrest—a Cartier watch and a gold chain necklace.

    The watch sold for $4,720.00, and the necklace fetched $3,160.00, yielding net proceeds of $7,086.69 after deducting shipping expenses and sales commission.

    These proceeds were applied to Rufai’s restitution balance, leaving him indebted to the U.S. government for $597,573.312.

    Rufai was released from prison in mid-November 2024, but his current whereabouts remain unknown.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Metro

    Economic and Financial Crimes Commission has recovered over N5bn and $10m from contractors and government officials indicted in the fraud in the turnaround maintenance...

    Sports

    Chelsea players will donate part of their Club World Cup bonuses to the family of the late Diogo Jota, who died last month aged...

    Business

    Eastman Kodak, once the undisputed king of photography, is staring down a financial lens that could spell the end of its storied existence. In...

    News

    Federal Government has reacted to the viral video showing a cleric flogging a group of m!nors in Port Harcourt, Rivers State. In a press...