Human resources manager Timilehin Yvette Olasemo made eight separate claims for bounce-back loans on behalf of her employer Essex Cares Ltd, obtaining £297,000 in the process.
UK Court Jails Two Nigerians For Taking Over N260million COVID-19 Loans Meant For 10 Businesses
Due to the ongoing Covid-19 pandemic, the UK Government created a scheme to support businesses struggling through the lack of economic activity. The scheme was effectively a Government-backed loan organised and managed through UK banks.
by SaharaReporters, New York
Mar 17, 2021
Two Nigerians, who exploited the UK Government s Coronavirus Bounce Back loan scheme by using the identities of ten innocent people to fraudulently obtain £489,000, have been jailed.
The first convict is Timilehin Olasemo, 39, of Bedale Road, Romford, who appeared at Southwark Crown Court on Wednesday, March 17, and was sentenced to three years and two months’ imprisonment for conspiracy to commit fraud by false representation.
Published:
5:59 PM March 17, 2021
Timilehin Yvette Olasemo, of Bedale Road, was given a prison sentence of three years and two months for her part in a fraudulent scheme which scammed money from eight innocent people.
- Credit: Metropolitan Police
A woman from Harold Hill has been jailed for her part in a loan scheme scam which saw £489,000 obtained fraudulently from eight people.
On March 17, Timilehin Yvette Olasemo, of Bedale Road, was given a prison sentence of three years and two months for conspiracy to commit fraud by false representation.
She and co-defendant Olufumi David Akinneye, of Cowthorpe Road, Lambeth, exploited a government loan scheme to fraudulently obtain the money using the identities of eight unknowing individuals.