Brila FM Shutdown: Fraud Scandal Uncovered In Port Harcourt, Abuja

This development, reported by fasnewsng.com, stems from an ongoing investigation into corporate fleecing allegedly orchestrated by the station’s Port Harcourt Head, Engr. Sam Victor Mpong Akakan, and former Chief Accountant, Ekerete Sunday.

Sources revealed that Engr. Akakan registered a business entity named “Bricast Communications,” deceptively derived from the first three letters of “Brila” and the word “Broadcast.” This fraudulent entity was allegedly used to divert funds from Brila FM clients in Abuja and Port Harcourt.

Court documents presented at the Igbosere Magistrate Court, Tinubu, Lagos, show that Engr. Akakan issued invoices bearing “Bricast Communications” details to unsuspecting advertisers and sponsors of Brila FM programs. Payments for these advertisements were funneled into the Bricast account, depriving Brila FM of significant revenue.

Further allegations include Engr. Akakan forging Brila FM broadcast certificates and using them to solicit payments from clients, including churches and businesses. It is estimated that over ₦200 million was misappropriated through this scheme.

Dr. Larry Izamoje, Chairman of Brila FM, authorized the suspension of operations in Port Harcourt and Abuja after years of dwindling revenue linked to the fraudulent activities. The financial strain on the branches reportedly became unsustainable, affecting their ability to meet operational needs. “The cartel’s actions left a devastating impact on the company, with near-zero returns becoming the norm,” a source disclosed.

Following Engr. Akakan’s arrest, the Lagos Magistrate Court granted police a warrant for his remand, allowing for comprehensive investigations. In custody, Engr. Akakan reportedly made confessional statements to both the police and Brila FM, pleading for leniency.

The fraud scandal is expanding as investigators widen their net. Additional arrests of individuals connected to the scheme are anticipated, with efforts underway to recover the stolen funds.

While Brila FM’s loyal listeners in Port Harcourt and Abuja await updates, industry analysts note the significance of this case in addressing internal corruption in Nigeria’s media landscape. Brila FM’s decision to suspend operations reflects a commitment to restructuring and safeguarding its reputation.

Fasnewsng.com will continue to provide updates on the unfolding investigation and the company’s efforts to restore its operations and credibility.