VOICE AIR MEDIA, News Update
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.”
Popular Afrobeat star, Afeez Adeshina, better known as Destiny Boy, is dead. Destiny Boy died…
THE Osun State chapter of the All Progressives Congress (APC) has cautioned the Eesa of…
News Update Diplomatic relations between the United States and several European countries have come under…
News Update THE Adamawa Progressive Elders Council has formally announced its endorsement of His Excellency,…
News Update THE Super Eagles of Nigeria have won the African Cup of Nations (AFCON)…
•As number of Christians persecuted worldwide rises to 388 million Nigeria is at the top…