Socialite Muhammed Gobir Arrested For Alleged N1.7billion Phony Bizness Deal

Socialite Muhammed Gobir is in the net of the Economic and Financial Crimes Commission.

Information filtering in revealed the offence of the top level player credited with vast contacts here and there pertains to an alleged phony business deal he allegedly used to rip off Outdoor advertising giant- Afromedia.

Gobir was nabbed at his Ikoyi, Lagos home on Saturday September 12 2015 societynowng.com learnt.
Muhammed Gobir

The spurious investment deal reportedly fetched the arrested socialite $3,500,000, N514,457,151.87, $2,102,740, and 51,000 pounds sterling newsbreaker the nation disclosed.

According to information sourced from the details made public by the nation, Gobir so perfected his entanglement with Afromedia that he emerged the chairman of the Business Development Committee of the board of directors of the company in the course of the scheme.

The report read in part ‘The suspect was allegedly introduced to Afromedia sometime in 2008 by their private placement consultants, Synergy Capital Advisory Limited, as a high networth investor who was willing to inject N1,000,000,000 into the company, through the acquisition of shares.

“Based on his touted pedigree as potential investor, Gobir cozy up to the management and in no time became chairman of the Business Development Committee of the board of directors of the company, a position which he later used to defraud the company.
“Having earned the trust of the company owners, Gobir started demanding large amounts of money, which he termed as business expenses to international consultants, Royal Exchange Burue in the United Kingdom in order to facilitate and secure investments from his bank in the UK, Natwest Bank London.
“The company gave Gobir $1,000,000 in cash and paid for his travel expenses on a first class return ticket to UK where he would meet with the purported investors, which investigation later showed never existed nor were the meetings ever held.”

Additional revelation has it that the string of the well wrapped scheme unravelled when the group managing director of the company travelled with Gobir to London to wrap up the deal after the arrested socialite had collected several monies and made countless trips abroad to meet with his purported investors.

According to information available ‘’ as soon as they landed in the UK, Gobir made a telephone call in which his travel companion overheard him scream aloud, saying his assets were seized by UK anti-money laundering authorities. ’’

Gobir reportedly confided in the GMD that his money $ 250,000,000 was seized by the british authorities five years earlier on the premise of allegations of money laundering and that he was in financial mess in need of a $3,817,000 to secure European Union Money Laundering Waiver Certificate.

Gobir is said to have later presented a ‘waiver certificate’ to the company with promise to pay up all the funds he collected over time.

The EFCC was brought into the matter to boost chances of recovering the funds at stake.

The nation spoke with the anti corruption commission spokes person, Wilson Uwujaren who confirmed the development.