Politics
EFCC Arrests Another Ex-Minister For Alleged N3.6B Fraud
……The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister of Commerce and Industry, Charles Chukwuemeka Ugwuh, for alleged conspiracy and loan fraud of about N3.6 billion.
According to a statement by the Head of Media and Publicity of the commission, Dele Oyewale, the ex-minister was arrested with Chief Geoffrey Ekenma on January 11, 2024, at No.2, Musa Yar Adua Way, New Owerri, Imo State.
,,,,,,The arrest of the two suspects was said to have followed “a petition to the commission from a new generation bank on the alleged fraud perpetrated through a company, Ebony Agro Industries Ltd., linked to the ex-minister.
The statement said: “Investigations revealed that Ugwuh and Ekenma, Managing Director, Ebony Agro Industries Ltd., allegedly obtained a loan facility from the bank for the purchase and production of polished rice.
“However, the suspect, according to the petitioner, failed to meet up his obligations to the bank and all efforts to get him to repay the loan facility proved abortive. The suspects would be charged to court as soon as investigations are concluded.”
-
Osun News4 days ago
Arrested OSTMS Chairman, Alowonle On Life Support, As Govt Seeks Prosecution Head of Anti-Kidnapping Squad
-
Politics6 days ago
OndoDecides: See official results collated per Local Government
-
Politics5 days ago
Tinubu sacks top government official, names replacement (photos)
-
Osun News4 days ago
Police Arrest Gov Adeleke’s aide, Alowonle
-
Politics6 days ago
OGSIEC Announces 2024 Local Government Election Results
-
Politics7 days ago
OndoDecides: Guber Election Results From Units Emerge
-
Health6 days ago
Reasons you should never microwave these five foods (List)
-
Osun News7 days ago
Gov Adeleke Approves Fresh Appointment (Photo)