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EFCC: Man arrested for alleged N525m Fraud

The Economic and Financial Crimes Commission, Lagos Zonal Office, has arrested one Philemon Ibrahim Gora for offences bordering on obtaining money by false pretence, stealing, issuance of dud cheque and money laundering to the tune of N525 million in Lagos.

The EFCC, in a statement issued by its spokesman, Wilson Uwujaren, said the suspect, through one of his front companies, Gracious Environ Workers and Planners Nigeria Limited, allegedly obtained the sum of N525m from a traditional ruler, Kabiyesi Jacob Esan of Ijesa, Osun State and owner of Liberitas Plc, with the assurance of converting it to the United Arab Emirate, UAE, Dirham for him.

The EFCC said the suspect would soon be charged to court.

EFCC: Man arrested for alleged N525m Fraud
EFCC: Man arrested for alleged N525m Fraud

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