The Economic and Financial Crimes Commission has arrested Mr. Onyekachi Nwosu, the relationship/account officer of a new generation
bank in Enugu over a case of multiple conspiracies, forgeries and bank
fraud involving over a N100 million.
The 33-year-old native of Mbaise, Imo State is purported to have
provided false information to his bank to facilitate the approval of a
loan of N50 million to Floxy Aluminium Odiofele Products Limited in
2010.
The suspect claimed that Anyaso Chinedu, the managing director of
Floxy Aluminium Odiofele Products, approached the bank for a N30 million
loan facility but could not secure it because of insufficient
collateral. He claimed that a non customer, Femi Akintobi approached the
bank for a N40 million facility and came with sufficient collateral
which he then use to secure a N50 million loan from which Akintobi got
N40 million while Floxy Aluminium was given N10 million.
Akintobi allegedly defaulted in repaying the N40 million naira while the collateral was discovered to have been forged. However, Nwosu admitted that he initiated the loan request and that
the bank was unaware of the arrangement between himself, Femi Akintobi
and Floxy Aluminium.
In a related development, Nwosu is alleged to have connived with
one Nnamdi Mezue to defraud his bank of N36.8 million in another crooked
loan scheme. Under the pretext of helping Mezue to fund his account to
enable him secure a UK visa, Nwosu approved a temporary overdraft for
him, after extracting a commitment from Mezue to withdraw the funds from
his account and hand over to him (Nwosu). Nwosu then credited Mezue’s account with N36 million and later
withdrew the money with cheques Mezue had signed and given to him.
The suspect will soon be arraigned in court.
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