…IGP Egbetokun Hails Officers’ Dedication to Justice and Corporate Integrity
The Nigeria Police Force (NPF) has achieved another milestone in the fight against financial and cyber-enabled crimes, securing the conviction of one Mr. David Udensik, also known as Dr. Jacob Bello, for his involvement in a transnational oil-related fraud scheme worth over $1 million (USD).
In a statement issued by the Force Public Relations Officer, CSP Olumuyiwa Adejobi, the conviction followed a petition lodged by a United States–based energy company, alleging that the suspect had fraudulently obtained funds under the guise of facilitating legitimate crude oil transactions in Nigeria.
Following the petition, operatives of the Nigeria Police Force – National Cybercrime Centre (NPF-NCCC) launched an intensive investigation which uncovered a complex network of forgery and financial deceit. Between 2018 and 2023, the suspect orchestrated a criminal enterprise that produced falsified documents purportedly emanating from the Nigerian National Petroleum Company Limited (NNPCL) and other regulatory institutions to swindle the foreign firm.
Forensic examinations confirmed that the documents, seals, and authentication materials were counterfeit. Further investigation revealed that the proceeds of the fraud were diverted into multiple accounts controlled by the suspect and his accomplices.
After a painstaking investigation and prosecution, the Federal High Court, Abuja, on 22nd October 2025, found Mr. Udensik guilty on charges bordering on Forgery, Obtaining by False Pretence, and Money Laundering. The Court also ordered the forfeiture of assets valued at several hundreds of millions of naira — including real estate and other properties acquired from the proceeds of the crime — to enable restitution to the defrauded company.
Commending the officers who handled the case, the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, lauded their professionalism and unwavering commitment to justice. He reaffirmed the Force’s dedication to safeguarding Nigeria’s economic and corporate integrity, emphasizing that cyber-enabled financial criminals will face the full weight of the law, regardless of their location or status.
According to the IGP, “The Nigeria Police Force remains resolute in ensuring that the nation’s name and credibility in international business dealings are protected. This conviction underscores our zero-tolerance stance against all forms of economic and cybercrime.”