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.”
-
News6 days ago
Tinubu Gives Fresh Order On Minors’ Treason Case
-
Celebrities7 days ago
Again, VeryDarkMan, Bobrisky Arrested For Different Reasons
-
News6 days ago
FIRS gives update on how to apply for recruitment
-
News3 days ago
Former State Governor Arrested By EFCC (Photo)
-
Metro/Crime6 days ago
Police Arrest Olusegun Tinubu’s Wife Over Alleged Murder
-
Celebrities5 days ago
Actress Ronke Odusanya reveals how her marriage was ruined by friends
-
News2 days ago
Chief of Army Staff, Lagbaja, is dead
-
News20 hours ago
President Tinubu Approves New Appointment