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 N200m (two hundred million naira).
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 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 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.
[NAN]