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Mrs Titi Abubakar has told an Ikeja High Court how a former governorship aspirant allegedly defrauded her
Wife of former Vice President Atiku Abubakar, Titi Abubakar has told an Ikeja High Court how a former governorship aspirant in Akwa-Ibom state, Nsikakabasi Akpan-Jacobs allegedly defrauded her.
According to The Guardian, Mrs Abubakar explained to the court presided over by Justice Oluwatoyin Atinuke Ipaye how the defendants allegedly went to the Corporate Affairs Commission (CAC) and altered a share arrangement in their favour.
Nsikakabasi Akpan-Jacobs, Abdulmalik Ibrahim and Dana Motors were arraigned by the Economic and Financial Crimes Commission (EFCC) on a 15-count charge bordering on conspiracy, stealing and fraudulent conversion of property belonging to THA Shipping Maritime Services Limited.
The shipping company allegedly belonged to Mrs Abubakar, Dan and Fred Holmes both working for Julius Berger at the time. “The first defendant was introduced to me in the villa when we were in the service. He said he was looking for a contract, but I told him I didn’t have any contract to give him. ‎But I introduced him to SUDORIN.
So, he admitted he would do the job. I trusted him for being a pastor,” Mrs Abubakar told the court.
She further explained to the court that the company was formed in year 2000 with 49 per cent shares to her, 25 per cent to Holmes and 25 per cent to Akpan-Jacobs. Akpan-Jacobs, who doubled as the company’s managing director and secretary however, allegedly altered the share arrangement in his favour at the CAC, a move that made Mrs Abubakar approach the court.
The defendants allegedly forged a company board resolution re-distributing the share ownership giving himself 70 per cent, 15 per cent to Mrs Abubakar and 15 per cent to Holmes. “With the share re-distribution, Akpan Jacobs assumed full ownership of THA Shipping and subsequently sold a company property worth N918 million to Dana Motors Nigeria Ltd. 



“Akpan-Jacobs, a pastor, used the proceeds from the sale of the company’s property to contest for the governorship position in Akwa Ibom state. “I have never been inside a court before. Not even a police station in all my life.
I am here because I want justice. All my investment and even profit are gone. I want this to serve as a deterrent to other fraudsters that they can’t defraud people and not face justice,” Mrs Abubkar said. She further explained to the court that the company was formed in year 2000 with 49 per cent shares to her, 25 per cent to Holmes and 25 per cent to Akpan-Jacobs.
Akpan-Jacobs, who doubled as the company’s managing director and secretary however, allegedly altered the the share arrangement in his favour at the CAC, a move that made Mrs Abubakar approach the court. The defendants allegedly forged a company board resolution re-distributing the share ownership giving himself 70 per cent, 15 per cent to Mrs Abubakar and 15 per cent to Holmes.
“With the share re-distribution, Akpan Jacobs assumed full ownership of THA Shipping and subsequently sold a company property worth N918 million to Dana Motors Nigeria Ltd. “Akpan-Jacobs, a pastor, used the proceeds from the sale of the company’s property to contest for the governorship position in Akwa Ibom state.
“I have never been inside a court before. Not even a police station in all my life. I am here because I want justice. All my investment and even profit are gone. I want this to serve as a deterrent to other fraudsters that they can’t defraud people and not face justice,” Mrs Abubkar said.


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