The Nigeria Police Force has secured the conviction of one Mr. David Udensik, also known as Dr. Jacob Bello, for his role in a transnational oil-related fraud scheme amounting to over One Million United States Dollars (USD $1,000,000).
According to a press release by Chief Superintendent Benjamin Hundeyin, Force Public Relations Officer, Force Headquarters, Abuja, the conviction followed a petition by a United States–based energy company, alleging that the suspect obtained funds from the firm under the pretext of facilitating legitimate crude oil transactions in Nigeria.
Acting on the petition, operatives of the Nigeria Police Force – National Cybercrime Centre (NPF-NCCC) commenced investigations which revealed that the suspect, between 2018 and 2023, operated a coordinated criminal network that forged documents purportedly emanating from the Nigerian National Petroleum Company Limited (NNPCL) and other regulatory platforms to deceive the victim company. Forensic analyses confirmed that the documents, seals, and authentication materials presented by the suspect were entirely counterfeit. Funds traced through the scheme were found to have been diverted into accounts linked to the suspect and his accomplices.
Following diligent investigative and prosecutorial efforts, the Federal High Court, Abuja, on 22nd October 2025, convicted Mr. Udensik on charges bordering on Forgery, Obtaining by False Pretence, and Money Laundering. The Court further ordered the forfeiture of assets valued at several hundreds of millions of Naira, including real estate and other properties derived from the proceeds of the crime, to facilitate restitution to the victim company.
Meanwhile, the Inspector-General of Police (IGP) Kayode Adeolu Egbetokun, has commended the officers involved in the investigation and prosecution for their professionalism. He affirms the commitment of the Force to protecting Nigeria’s corporate integrity and ensuring that cyber-enabled financial criminals, irrespective of status or location, are brought to justice.
