The Economic and Financial Crimes Commission has arrested the Managing Director of Platinum Multi-purpose Cooperative Society Limited, Mr. Michael Osasogie Obasuyi, for alleged conspiracy, cybercrime and laundering of N 11.498 billion According to EFCC, Mr. Obasuyi, who is also the Managing Director of Smartmicro Systems Ltd, had written a petition in March 2018 to the commission against a mobile and electronic payment provider firm. The anti-graft agency said in a dramatic twist, the petitioned company had also written a counter-petition against Smartmicro and Obasuyi, leading the commission to begin investigations into the activities of Obasuyi. Read more