The FCID says its operatives have arrested Chinedu Ngwaka, a self-acclaimed licensed BDC operator, for alleged fraud of N320 million.
The Force Criminal Investigation Department says its operatives have arrested Chinedu Ngwaka, a self-proclaimed bureau de change operator, for alleged fraud to the tune of N320 million., Aminat Mayegun, FCID spokesperson in Lagos, said Ngwaka also used a fraudulent presidency number plate on his Toyota Hilux vehicle.
“Upon receipt of the petition, detectives from the Special Investigations Team of the anti-fraud Section attached to Force Criminal Investigations Department Annex, Lagos, swiftly swung into the intelligence-led investigation.“The team reviewed relevant banking records and secured a warrant of arrest, which led to the apprehension of Chinedu Ernest Ngwaka, a self-acclaimed Licensed Bureau De Change operator.
“Unachukwu made payment of N320 million through Ngwaka company accounts, Edunaco Multiple Resources Limited and Bright Janes World, for the procurement of $200,000 USD to facilitate the supply of goods from China,” Mayegun said. “Verification with the Corporate Affairs Commission and the Central Bank of Nigeria confirmed that he had no association with the company in any form, and that the company’s license has been revoked earlier in the year.
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