FRAUD: This Pastor was arrested by the EFCC over N200m fraud [PHOTO]

-



The Economic and Financial Crimes Commission, has arrested one Jonathan Ibinabo Alatoru, a self-acclaimed pastor and Chief Executive Officer, Chemtronics Nigeria Limited, for conspiracy, forgery and obtaining money by false pretence to the tune of N200million.
The suspect, who had earlier jumped administrative bail granted him by the Commission, was arrested by operatives of the EFCC in a sting operation on Thursday, November 26, 2015 in Abuja.
The 55-year old suspect was awarded a contract by the Ministry of Niger Delta Affairs, Abuja for the construction of a skill acquisition centre at Igualeba, Orhiomwon LGA, in Edo State, to the tune of N1.7billion.
The contract, which was supposed to be completed within a year, was, however, terminated in 2011 when he could not complete the structure 18 months after.
However, the suspect allegedly approached Sterling Bank Plc with some documents purported to have emanated from the Ministry to secure a N200m bank facility.
In fulfilment of the requirements to obtain the bank facility, the suspect allegedly presented both the Certificate of Occupancy, C of O of a property located in the G.R.A., Ikeja area of Lagos and another mortgage agreement letter as collateral in 2012.
Investigation, however, revealed that both documents belong to the late Vice-Admiral Babatunde Elegbede, a former military Governor of Cross Rivers State, who who died in 1994.
According to the complainant, the suspect also allegedly presented a forged domiciliation payment letter, stating that the proceeds of the contract should be remitted to the bank for the servicing of the loan.
It was also discovered that the suspect allegedly connived with one Ndubuisi Egbe Unah, who is currently facing trial before a Federal High Court, Abuja, and some staff of the bank to perpetrate the alleged fraud.
The spokesperson for the EFCC, Wilson Uwujaren, said the suspect would soon be charged to court.
Premium Times

Comments

Post a Comment

The views expressed in comments published on my blog are those of the comment writers alone. They do not represent the views or opinions of queendoosh.com. Please take note.

Popular posts from this blog

NEW! Scientists Develop Vaccine For HIV/AIDs

-
Image
A new vaccine-based treatment for HIV has succeeded in suppressing the virus in five patients, raising hopes further research could help prevent Aids without the need for daily drugs. Independent of the United Kingdom reported on Friday that researchers combined two innovative HIV vaccines with a drug usually used to treat cancer in the trial, conducted over three years at the IrsiCaixa Aids Research Institute in Barcelona. After receiving the treatment, the virus was undetectable in five out of 24 participants and its spread was stopped by their immune systems, reported the New Scientist. One of them has been drug-free for seven months. Around 18 million people – half of all those living with HIV around the world – take ART to slow the progression of the infection, according to the UN. But these drugs are expensive and can cause unpleasant side effects. Patients have to remember to take them every day, sometimes over their entire lives. Mitchell Warren, executive dire...
NEXT PAGE »

Senate Indicts Ngozi Okonjo-Iweala Over Loss of N1.6tr Revenue

-
Image
Nigeria's imediate past minister of Finance ,Ngozi Okonjo-Iweala has been indicted by the Nigerian senate over a N1.7t loss in revenue. According to the Senate Ad Hoc Committee on Alleged Misuse, Under-Remittance and Other Fraudulent Activities, revenue agencies short-changed the Federal Government to the tune of N1.7tn as unremitted revenue generated between 2012 and 2016. The panel blamed it on a memo by a former Minister of Finance, Mrs. Ngozi Okonjo-Iweala, who allegedly issued the memo to the agencies to remit 25 per cent of revenue they generated to the Federal Government and spend 75 per cent on their expenditures. An interim report by the committee chaired by Senator Olamilekan Adeola, details this. The panel said the amount to be remitted to the Federal Government during the period by 93 agencies it investigated was N21.5tn. It alleged that 25 of the 93 agencies covered defrauded the government of a total of N1,695,585,887,406.
NEXT PAGE »