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Financial crime

Several businessmen have been arrested for allegedly defrauding the Nigerian government out of N102m

The Economic and Financial Crimes Commission (EFCC) has detained one Emmanuel Obinyan for allegedly collecting and diverting N77,773,700 through false pretenses.

According to reports, in July 2015, one late Daniel Chinemelum entered into a partnership agreement and signed a memorandum of understanding with Obinyan for the development of Fedan Courtyard Home Services Limited, a real estate company.

The complainants, who are the children of Daniel, Stephen, and Emeka Chinemelum, claim that their father contributed N52 million to the suspect's Zenith Bank account number 1011861572 as an equity contribution to the company.

The complainants further claimed that after the five-year agreement came to an end, the suspect failed to furnish an account of the business.

The failure of the complainants to reclaim the money from Obinyan prompted them to report to the EFCC, according to Wilson Uwujaren, the EFCC's Head of Media and Publicity.

Similarly, Rasaki Adeyiga was arrested by the commission for allegedly defrauding the commission of N24,260,000.

According to reports, Adeyiga pretended to be a businessman involved in the importation of automobiles from the United States of America and Europe to the complaint, Ahmed Shinkafi.

The complainant is accused of depositing N25 million into the suspect's Guaranty Trust Bank Plc account number 0136968208 for a Lexus SUV.

The suspect, on the other hand, broke his word and used the money for his own benefit.

The accused would be charged soon, according to Uwujaren.

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Daniel Chinemelum EFCC Emeka Chinemelum Nigerian Obinyan


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