The Economic and Financial Crimes Commission, EFCC, has arrested a man, Philemon Ibrahim Gora, for allegedly obtaining money by false pretense.
Mr Gora who is accused of stealing, issuance of dud cheque, and money laundering had allegedly obtained N525million from the Onijimo of Ijumo-Jesa, Kabiyesi Jacob Esan through one of his front companies, Gracious Environ Workers and Planners Nigeria Limited.
In a statement, EFCC spokesman, Wilson Uwujaren, revealed that the suspect was expected to help the king, owner of Liberitas Plc convert the money to United Arab Emirate, UAE, Dirham.
According to reports, Mr Gora however, reneged on the agreement after collecting the funds and allegedly transferred different amounts to his bank accounts and some Bureau De Change operators.
Mr Uwujaren noted that the BDC dealers confirmed giving the suspect the dollar equivalent of the money in cash.
Meanwhile, another of Gora’s front companies, N-PAS Nigeria Limited, deposited 41 Sterling Bank cheques of N10million each, totaling N410, 000,000 in favor of the complainant’s company, Liberitas.
“But the cheques were returned unpaid due to insufficient funds. The suspect will soon be charged to court”, Mr Uwujaren added.