IGP Kayode Egbetokun
Nigeria Police Force (NPF) has secured the conviction of one Mr. David Udensik, also known as Dr. Jacob Bello, for his role in a transnational oil-related fraud scheme amounting to over One Million United States Dollars (USD $1,000,000).
The conviction followed a petition by a United States–based energy company, alleging that the suspect obtained funds from the firm under the pretext of facilitating legitimate crude oil transactions in Nigeria.
This is contained in a statement issued on Monday in Abuja by the Force Public Relations Officer, CSP Benjamin Hundeyin
CSP Hundeyin said operatives of the Nigeria Police Force – National Cybercrime Centre (NPF-NCCC), who acted on the petition commenced investigations which revealed that the suspect, between 2018 and 2023, operated a coordinated criminal network that forged documents purportedly emanating from the Nigerian National Petroleum Company Limited (NNPCL) and other regulatory platforms to deceive the victim company.
He said forensic analyses confirmed that the documents, seals, and authentication materials presented by the suspect were entirely counterfeit.
“Funds traced through the scheme were found to have been diverted into accounts linked to the suspect and his accomplices.
“Following diligent investigative and prosecutorial efforts, the Federal High Court, Abuja, on 22nd October 2025, convicted Mr. Udensik on charges bordering on Forgery, Obtaining by False Pretence, and Money Laundering.
“The Court further ordered the forfeiture of assets valued at several hundreds of millions of Naira, including real estate and other properties derived from the proceeds of the crime, to facilitate restitution to the victim company”, he said.
The Force PRO quoted the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, as commending the officers involved in the investigation and prosecution for their professionalism.
He affirmed the commitment of the Force to protecting Nigeria’s corporate integrity and ensuring that cyber-enabled financial criminals, irrespective of status or location, are brought to justice.
