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.
Naija and kwaruption!
ReplyDeleteThem don finish this kontri with thifi thifi. Nawaa!
ReplyDeleteAt least there are real records, claims and agreement only that they failed to meet up with the agreement.
ReplyDeleteThe way they steal Naija money is scary honestly
ReplyDeleteBank debt not government funds
DeleteThey have swallowed this country as a whole
ReplyDeleteNa wa ooooooo
ReplyDeleteEFCC should stop this rubbish.
ReplyDeletePeople aren't convicted yet but brought in for questioning, they take their pictures and share it online like they're guilty.
This was for a bank debt. Otedola owes billions, EFCC should snap his picture and put it online.
Someone needs to sue the EFCC for defamation etc once, then their heads will reset.
What rubbish!
Franky