Atiku’s wife Titi tells Court: How I was defrauded of N918m

Mrs Aminat Titi Abubakar, wife of ex-ice-President, Atiku Abubakar, yesterday told a Lagos high court sitting in Ikeja how she was defrauded of N918million by a former governorship aspirant in Akwa Ibom State, Nsikakabasi Akpan Jacobs.

The EFCC had arraigned Mr. Jacobs, Abdulmalik Ibrahim and Dana Motors on a 15-count charge of conspiracy, stealing and fraudulent conversion of properties belonging to THA Shipping Services.

Led by Babatunde Sonoiki, prosecution counsel, Atiku's wife told the court presided over by Justice Oluwatoyin Ipaye how Akpan defrauded her of her shares in the company and other proceeds.

She told the court that Akpan Jacobs who doubled as the company’s managing director and secretary had allegedly gone to the Corporate Affairs Commission where he altered the share arrangement in his favour.

She alleged that Akpan forged a company board resolution re-distributing the shares ownership and allotted 70 percent to himself , 15 percent to her and 15 percent to Holmes.

With the shares re-distribution, Akpan Jacobs was alleged to have fraudulently assumed ownership of THA Shipping and subsequently sold a property worth N918m belonging to the company to Dana Motor Nigeria Limited.

When asked, she said Akpan told her that he allotted major shares to himself in other to obtain loan from the bank for the company.

Testifying further before the court, Mrs Atiku stated that Akpan Jacobs, a pastor, used the proceeds from the sales of the company’s property to contest for the governorship position in Akwa Ibom.

Mrs Atiku lamented that her investment in the company had gone down the drain and stated that her interest in coming to court is to ensure that justice is done.

I have never been inside a court before. Not even a police station in all my life. I am here because I want justice. All my investment and even profit are gone. I want this to serve as a deterrent to other fraudsters that they can’t defraud people and not face justice,” she said.