Charles-Chukwuemeka-Ugwuh
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.”
The Minister of Information and National Orientation, Mohammed Idris, has warned politicians against linking stampedes…
Ohafia, Abia State, was plunged into mourning on Sunday following a tragic accident involving a…
An Islamic scholar and political activist, Dr. Usman Bugaje, has highlighted the inability of the…
The presidential candidate of the Social Democratic Party (SDP) in the 2023 general elections, Prince…
Vice President Kashim Shettima has mourned the victims of the recent tragic stampedes that claimed…
The National Agency for the Control of AIDS has advised Nigerians to prioritize their health…