The Nigeria Police Force (NPF) have 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 USD $1 million.

Force Public Relations Officer (FPRO), CSP Benjamin Hundeyin, in a press statement, Monday in Abuja, said 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.

He said  operatives of the Nigeria Police Force – National Cybercrime Centre (NPF-NCCC), acting 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.  

Hundeyin said forensic analyses confirmed that the documents, seals, and authentication materials presented by the suspect were entirely counterfeit; just as 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  October 22, 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,” the FPRO stated.

Meanwhile, the Inspector-General of Police, IGP Kayode Egbetokun, has commended the officers involved in the investigation and prosecution for their professionalism, Hundeyin said.

The FPRO said the police boss 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.