MONROVIA – The National Security Agency (NSA) is questioning four people in a major scam aimed at defrauding a Â£ 2 billion UK finance company under the pretext of using the proceeds to fund the “Agro-infrastructure Project and economic development in Liberia â.
According to the scammers, the Liberia Agro-Infrastructure and Economic Development Project was designed to boost economic development through the provision of educational infrastructure and services, affordable transportation, expand economic development and maintain affordable housing for all by 2026.
However, sources within the NSA informed FrontPageAfrica that the project which does not exist in Liberia was conceived for the sole purpose of defrauding the finance company under the guise of investing in Liberia and that the UBA bank would serve as collateral when transferring the amount.
Among those arrested are Saidu Gray (leader in Liberia), Francis Egulansang, David Sinatule, James Sorwah. They are currently in the custody of the NSA. They also have cohorts in Ghana. They were arrested with several passports, FrontPageAfrica collected.
Documents seen by FrontPageAfrica show the men were operating under a company called Tenelko Group of Companies Liberia Limited, which also does not exist, and claimed to have signed a contract with the government of Liberia for such a huge investment.
The company, according to the conceived scam, is owned by a Ghanaian, claiming to be king of a kingdom in Ghana – His Imperial Majesty Nana Kwasi Baffour-Addae Gyanko Fofie, I.
As part of the big scam, letters were written to the finance company under a fake UBA letterhead with fake names and signatures committing the bank to serve as collateral for the two billion euros, for the financing of the non-existent project.
A copy of these letters obtained by FrontPageAfrica bed:
First Fideliter Holdings Inc.
tene Floor, Tour of Life Philam
8767 Paseo de Roxas, Makati City
N / A Rabbi Leon Lipess
Re: OUR FUNDING REQUEST
We refer to our recent discussions with Mr. Antonio Chamorro Valverde.
We would like to take this opportunity to thank you for your interest in proving us the requested funding that will meet our own funding needs over the next 6 years.
In this regard, we wish to inform you that we, United Bank for Africa (UBA) Broad Street, are prepared to transfer a promissory note to First Fideliter Holdings Inc. as security for this funding. The face value of this financial instrument will be two billion euros.
We also confirm that the promissory note will be delivered to you via EUROCLEAR.
We are ready to proceed with this transaction. We look forward to hearing from you and receiving your final contract template and EUROCLEAR.
The letter was signed by Nathaniel S. Dweh as resident screening officer while Joseph Kelley signed as branch operations manager.
UBA confirmed FrontPageAfrica the letterhead and signatures on letters sent by the group were all fabricated and do not represent the official letterhead and signatures of the Bank.
From the series of bogus UBA communications sent to the finance company, FrontPageAfrica observed that one of the communications dated April 09, 2021 indicated that the company had a savings account with the bank since February 16, 2014 and that the account numbers are 53020030002586 and 53030007650. with the account title TENELKO GROUP OF COMPANIES.
However, in another communication under the same forged letterhead from UBA Bank, it is stated that the company opened a business account with the bank on July 28, 2020 with account number 5302003002586.
NSA officials said FrontPageAfrica that they could not speak on the matter as the investigation was still ongoing.
However, a source within the NSA has informed the FPA that it could be a big union that could possibly involve big hands that are being carefully investigated to determine all the details of the deal. .
The source further informed FrontPageAfrica that the ring was dismantled when some NSA agents posed as representatives of the finance company after receiving the tip from.
The agents had invited the group to a meeting under the pretext of validating their documents before the transfer could be made.