Police Secure Conviction In $1m International Oil Fraud Case

The Nigeria Police Force (NPF) has secured the conviction of 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).

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.

Force PRO, CSP Benjamin Hundeyin, said in a statement that “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 Egbetokun, has commended the officers involved in the investigation and prosecution for their professionalism.