EFCC Arrests Niger Delta Ministry Contractor For Alleged N200 Million Fraud
A contractor with the Niger Delta ministry, whose
N1.7 billion contract has been terminated,
Jonathan Ibinabo Alayoru has been arrested by
the Economic and Financial Crimes Commission
(EFCC), for allegedly defrauding a bank to the
tune of N200 million.
Alatoru, who is a self-acclaimed pastor,
is also the Chief Executive Officer of
Chemtronics Nigeria Limited, and had
earlier jumped an administrative bail
granted him by the EFCC. He is on the
list of the anti graft agency for alleged
conspiracy, forgery and obtaining
money by false pretence to the tune of
N200 million.
EFCC spokesman, Wilson Uwujaren
stated yesterday that the 55-year-old
suspect had been awarded a contract by
the Ministry of Niger Delta Affairs, Abuja
for the construction of a skill acquisition
centre at Igualeba, Orhiomwon LGA in
Edo State, to the tune of N1.7billion.
The contract, which was supposed to be
completed within a year, was, however,
terminated in 2011 when he could not
complete the structure 18 months after.
“However, the suspect allegedly
approached Sterling Bank Plc with some
documents purported to have emanated
from the Ministry to secure a N200m
bank facility.
“In fulfillment of the requirements to
obtain the bank facility, the suspect
allegedly presented both the Certificate
of Occupancy, C of O, of a property
located in the G.R.A. Ikeja area of Lagos
and another mortgage agreement letter
as collateral in 2012.
“Investigation, however, revealed that
both documents belong to the late Vice-
Admiral Babatunde Elegbede, a former
military Governor of Cross Rivers State
who died in 1994.
“According to the complainant, the
suspect also allegedly presented a forged
domiciliation payment letter, stating that
the proceeds of the contract should be
remitted to the bank for the servicing of
the loan.
“It was also discovered that the suspect
allegedly connived with one Ndubuisi
Egbe Unah, who is currently facing trial
before a Federal High Court, Abuja, and
some staff of the bank to perpetrate the
alleged fraud”, Uwujaren stated, adding
that the suspect will soon be charged to
court.
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