Operatives of the
Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have
arrested a former Minister of Commerce and Industry, Charles Chukwuemeka Ugwuh,
for an alleged conspiracy and fraud to the tune of N3.6bn.
Ugwuh was arrested
alongside Chief Geoffrey Ekenma on January 11, 2024 at No.2, Musa Yar Adua way,
New Owerri, Imo State, following 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.
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.
 |
| Charles Chukwuemeka Ugwuh |
 |
| Chief Geoffrey Ekenma |
0 Comments