Nigerian Nightclub Owner And Accomplice Sentenced To 15 Years Imprisonment In South Africa For Defrauding Property Traders Of N274m

A favored Nigerian nightclub owner-convicted scammer, Abdul Samson Olatunji, and his accomplice, Adedayo Quandri, acquire been jailed in South Africa for defrauding property merchants. 

The Nigerian nationals were sentenced by the Johannesburg specialised business crimes court on Friday, July 8, 2022, the identical day Olatunji became once charged with one other fraud case.

Olatunji and Adedayo Quandri were sentenced to eight and seven years’ imprisonment respectively by the court, sitting in Palm Ridge. 

Olatunji’s nightclub, Hydro Lounge, became once a effectively-identified hangout space in Sandton for alleged people of the Nigerian Dusky Axe organised crime neighborhood and also featured Nigerian musicians. 

Olatunji became once arrested in 2019 while using his R2.7m Bentley Cabriolet with the registration number HYDRO X GP.

He scammed SA agencies out of hundreds and hundreds of rand which he at danger of purchase luxury vehicles together with a Mercedes-Benz and a Porsche.

Police are understood to acquire recovered precise R700 000 in money from the two. The money became once found in a closet at their luxury Waterfall Estate rented house, which they rented for over R55 000 monthly.

Essentially basically based on National Prosecuting Authority spokesperson Phindi Mjonondwane, the duo cloned a regulation firm’s electronic mail accounts and stole over R11m from purchasers. 

“Both men pleaded responsible and were convicted on 24 counts of theft, associated to cloning the electronic mail addresses of conveyancers DM5 and Yaron Waks,” mentioned Mjonondwane. 

The regulation companies dealt with property gross sales and registrations on behalf of its purchasers, Amogelang Holdings and Lesley Warther respectively.

“The accused vulnerable spyware and spyware and viruses to video display emails between the regulation companies and their purchasers (property merchants) that were about to achieve/receive transfers from the conveyancers after their properties were sold. 

“They’d then send their banking particulars to the conveyancers, as even though these emails were from the property merchants, ensuing in R7.8m and R4.2m being diverted to their accounts.” 

“On 14 Can even 2019, DM5 obtained an electronic mail purporting to be from Amohelang directing/instructing the company to switch the proceeds of the sale of property value R7 836 347.70 money on account of Amohelang that became once paid into a checking story belonging to Siphosihle Sithole, who became once charged along with each and every accused but his trial became once separated from that of the accused after he pleaded no longer responsible,” Mjonondwane added. 

Sithole became once charged with each and every accused but his trial became once separated from theirs after he pleaded no longer responsible.

Essentially basically based on Mjonondwane, senior scream advocate Frans Mhlongo argued that the victims were “rendered financially exhausting-pressed” and the scam became once focused at conveyancing regulation companies that address trim volumes of financial transactions.

“Our courts must defend people of our industry community from this type of offence and failure to achieve so can also consequence in industry entities disinvesting and leaving the nation and a trim fragment of our society destitute,” mentioned Mhlongo. 

Mjonondwane mentioned Amohelang Holdings threatened liquidation court cases against DM5 for the recovery of its proceeds of sale.

“The NPA commends investigating officer Oscar Mopedi and Adv Frans Mhlongo for final committed to the path of justice,” she mentioned. 

Essentially basically based on TimesLIVE sources shut to the investigation, Olatunji became once in cellular phone conversation with suspected scamming kingpin James Aliyu.

Aliyu became once arrested in his luxury Sandton house final week by Interpol and he faces extradition to the US for scamming victims out of US$12m.

Essentially basically based on one provide, Olatunji and Aliyu exchanged story particulars and the particulars of scamming victims with one one other and that they’d focus on solutions and solutions of scamming their victims main up to Olatunji’s arrest.

Olatunji’s nightclub became once particularly favorite among Dusky Axe people with regulation enforcement sources shut to investigations against the Dusky Axe claiming that “Hydro Dollars” — a pretend-forex modelled after the US greenback and vulnerable for pleasing purposes and “money showers” featured in song movies and promotional movies — most continuously being found within the properties of decrease ranking alleged Dusky Axe people in Johannesburg for the length of raids.

In TimesLIVE Investigations reported in January, Hydro Dollars featured in slay accused Nigerian rapper and self-avowed Dusky Axe member Nicholas Ogbeifun’s song movies.

Ogbeifun became once arrested on January 10 with John Ohami and Jeda Quadri following a substantial daylight execution of a Nigerian man in Kempton Park and a ensuing excessive-chase traipse and lethal shoot-out with police on the R24 near the Gillooly’s interchange.

Olatunji’s troubles are precise starting up, however, as police charged him for fraud in relation to hundreds and hundreds of rand stolen from one other victim after court court cases on Friday. 

Seek for video from his arrest beneath…

And right here is Olatunji’s arrest in 2019. Higher to notify in a Bentley I order. pic.twitter.com/1CcjAEmVFu

— Aron Hyman (@aron_hyman) July 8, 2022