Titi Atiku Tells Court How Her Errand Boy Sold Her Property for N918m
Akinwale Akintunde
Mrs. Titi Atiku, wife of the former Vice President, Atiku Abubakar, yesterday narrated how one Nsikak Akpan-Jacobs, who she described as her errand boy, sold her property for N918 million after making him the Managing Director of her company, THA Shipping and Maritime Services Ltd.
Mrs. Atiku testified before Justice Oluwatoyin Ipaye in a suit instituted by the Economic and Financial Crimes Commission (EFCC) against Akpan-Jacobs, Abdulmalik Ibrahim and Dana Motors.
The defendants are facing a 14-count charge of conspiracy, stealing and fraudulent conversion of properties belonging to THA Shipping Maritime Services Ltd.
According to EFCC, the company was formed in 2000 with 49 per cent shares to Mrs. Abubakar, 25 per cent to Holmes and 25 per cent to Akpan-Jacobs.
The commission also accused Akpan-Jacobs, who doubled as the company’s Managing Director and Secretary of going to the Corporate Affairs Commission (CAC) to alter the share arrangement in his favour.
He was alleged to have forged a company board resolution re distributing the shares ownership giving himself 70 per cent, 15 per cent to Atiku and 15 per cent to Holmes.
With the shares re-distribution, Jacobs was alleged to have fraudulently assumed full ownership of THA Shipping and subsequently sold a property worth N918 million belonging to the company to Dana Motor Nigeria Ltd.
The wife of the former vice president in her testimonies told the court that she made Jacobs the Managing Director of her company because he was a pastor and someone she trusted.
She also accused him of using THA Shipping as collateral for a loan he obtained from First Bank.
“He did this without the knowledge of the Board of Directors. He started selling the company’s properties when the bank started asking for their money.
“I did not know that it would turn out like this or I would have documented all our transactions.
“I admit I don’t have any documents to prove that I invested money into the company, Jacobs cannot deny that I did not invest money. He is guilty from head to toe,” Atiku added.