The Nigeria Police Force has secured the conviction of one David Udensik, also known as Dr. Jacob Bello, for his involvement in a transnational oil-related fraud scheme worth over one million US dollars.

In a statement by the Force Public Relations Officer, CSP Benjamin Hundeyin, the conviction followed a petition by a United States–based energy company alleging that the suspect obtained funds under the pretext of facilitating legitimate crude oil transactions in Nigeria.

Investigations by the Nigeria Police Force – National Cybercrime Centre (NPF-NCCC) revealed that between 2018 and 2023, the suspect operated a coordinated network that forged documents purportedly from the Nigerian National Petroleum Company Limited (NNPCL) and other regulatory agencies to deceive the company.

Forensic analysis confirmed that all documents, seals, and authentication materials were fake, while funds traced through the scheme were diverted into accounts linked to the suspect and his accomplices.

The Federal High Court, Abuja, on 22nd October 2025, convicted Udensik on charges of forgery, obtaining by false pretence, and money laundering.

The court also ordered the forfeiture of assets worth several hundreds of millions of naira, including real estate and other properties derived from the proceeds of the crime, to enable restitution to the victim company.

Inspector-General of Police Kayode Egbetokun commended the officers involved in the case for their professionalism and reiterated the Force’s commitment to protecting Nigeria’s corporate integrity and ensuring that cyber-enabled financial criminals are brought to justice.