Thursday, November 28, 2024 -A self-acclaimed licensed Bureau De Change, BDC, operator, Chinedu Ngwaka has been arrested over alleged fraud of N320 million.
His arrest was confirmed by the Force Criminal Investigation Department,
FCID.
The FCID’s Police Public Relations Officer (PPRO), ASP Aminat Mayegun in
a post on X on Wednesday, revealed that Ngwaka is currently on detention.
She said that the police received a petition addressed to the Assistant
Inspector General of Police, AIG, Mr Ayodeji Ogundele, FCID Annex, Lagos on
September 9.
She explained the arrest followed a petition filed by one Chinedu Laz
and Partners (Deo Gratia Chambers) on behalf of Mr Tochukwu Unachukwu, the
Managing Director of Casco Electronics Company Limited, that Ngwaka and wife,
Janet were involved in a fraudulent scheme amounting to N320 million.
According to her, upon receipt of the petition, detectives from the
Special Investigations Team, SIT of the Anti-Fraud Section attached to FCID
Annex in Lagos State swiftly swung into investigation, leading to the arrest of
the suspect.
PPRO said that further investigation revealed that between March and May
this year, Unachukwu made payments totaling N320 million to Ngwaka and Jane his
wife.
“Unachukwu made payment of N320 million
through an account belonging to Ngwaka’s company, Edunaco Multiple Resources
Limited and Bright Janes World, for the procurement of $200,000 USD to
facilitate the supply of goods from China.
“However, additional intelligence uncovered fraudulent document,
including a telex confirmation from Zenith Bank, which purportedly shows the
completion of the transactions in two $100,000 USD tranches.
“The Chinese suppliers confirmed that no such funds were
received,” she said.
0 Comments