According to a statement by the Commission,
The commission said the stocks originally belonged to Alhaji Shande Ako Dzungwe and Alhaji Isa Koto (both deceased) but the suspects fraudulently claimed, converted and sold them.
They said Lawan allegedly forged spurious identity cards, driver's license, school certificates and international passports of both Dzungwe and Koto to perfect the scam.
According to investigations, Dzungwe died in1992 but before his death, he had shares in several blue chip companies including,
The shares were on the record of
EFCC added that before his death Koto had 166,625 units of
According to the Commission, Lawan allegedly instructed
The total sum of shares converted and sold by Lawan was N73 764 428.
Okomoda and Theophillus allegedly aided him.
The suspects will be arraigned in court at a date yet to be announced.
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