Press statement from EFCC...
The Economic and Financial Crimes
Commission, EFCC, has arrested one Jonathan Ibinabo Alatoru, a
self-acclaimed pastor and Chief Executive Officer, CEO, Chemtronics
Nigeria Limited, for conspiracy, forgery and obtaining money by false
pretence to the tune of N200 million.
The suspect, who had earlier
jumped the administrative bail granted him by the Commission, was
arrested by operatives of EFCC in a sting operation on Thursday,
November 26, 2015, in Abuja.
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 N200 million
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. The
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. The suspect will soon be charged to court.
Wilson Uwujaren Head, Media & Publicity 27th November, 2015