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Pulse TV News Olisa Adibua & Obi Asika In EFCC Net Over Fraud

For the second time in less than a year, the Olisa, the popular entertainment guru has again dragged Obi Asika before an anti-graft agency for embezzlement.

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The National Enquirer reports that Celebrated On-Air-Personality and Beat FM’s bulldozer, Olisa Adibua, and his erstwhile business partner and cousin, Obi Asika (of Storm 360 fame) are involved with the Economic and Financial Crimes Commission (EFCC), over allegations of financial fraud and embezzlement of funds.

For the second time in less than a year, the Olisa, the popular entertainment guru has again dragged Obi Asika before an anti-graft agency for embezzlement.

The rift between the duo who used to be best of friends and cousins has taken a new twist as both parties seem to be ready to fight dirty, following their classic business-gone-sour story, as revealed by the National Enquirer.

Dependable sources close to them have exclusively divulged that the ex-buddies and joint owners of Storm Group who fell apart when Obi Asika, in 2012 acrimoniously removed Olisa, a director and shareholder from the business, have dragged each other to the Economic and Financial Crimes Commission, EFCC.

According to sources, the case which is presently undergoing serious investigation at the CTGI department, was instituted by the radio personality, and he’s asking the Commission to investigate the many frauds which ran into hundreds of millions that was allegedly committed by his erstwhile business partner, Mr. Asika, his driver Sunday Adebayo and personal assistant, Patrick Ojuoyen.

Meanwhile the petition which reads ’’Request for Investigation of Fraudulent Activities in Storm 360 Limited’’ is the second that was filed against Mr. Asika by Olisa within the last last twenty months.

The request was first addressed to the Commissioner of Police, Special Fraud Unit SFU, Milverton, Ikoyi, Lagos on the 4th of May 2012. It asked the Force to investigate the disappearance of N50,152, 483, Fifty Million, One Hundred and Fifty Two Thousand, Eighty Three Naira and USD 496,596, Four Hundred and Ninety Six Thousand, Five Hundred and Ninety Six US Dollars from Storm 360 account where Obi Asika acts as the CEO and signatory.

Olisa Adibua, we reliably gathered got more than he bargained for upon submission of the petition as his ex-partner refused to give answers to the allegations of possible mismanagement of funds and also petitioned the Inspector General of Police, alleging a threat to his life by his former friend.

Asika’s petition however got the nod of higher powers as it led to the arrest of Olisa Adibua who was detained at the SFU on the 24th of July 2012 till around 9pm before the case was transferred to force headquarters Abuja.

In what looks like a fight back, the showbiz colossus seems not to be done with the case thus the reason for his fresh petition to the EFCC. Olisa in the petition this time, lamented how Obi Asika who’s the sole signatory, though with his full approval, while their relationship lasted never allowed him have a look into the company’s bank statement despite that they jointly started the business in the year 2008 before Asika relocated fully to Nigeria from the United States.

He also pointed out that Mr. Asika had on countless occasions insisted that no money was made from the entertainment outfit whenever he queried the exact income because he has never received any dividends since the business kicked off hence his decision to go legal before he received the shocking sack letter, a decision he’s also challenging.

The duo, were guests at the EFCC Ikoyi office on Tuesday 26th of February 2014 where they were invited and interrogated on the allegation leveled against Obi Asika.

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