By Our Reporter
The Economic and Financial Crimes Commission (EFCC) has arrested one Adeleke Adeyemi over alleged case of conspiracy and fraud.
The Head, Media and Publicity of the commission, Mr Wilson Uwujaren disclosed this in a statement on Friday.
Uwujaren said that the suspect was arrested by operatives of the Lagis Zonal Office of the EFCC.
He said that Adeyemi and his accomplice identified as Odusanya Ayotunde Memphis still at large were allegedly involvedin conspiracy, obtaining money by false pretence and diversion of funds.
He noted that the duo were also involved in issuance of dud cheques and money laundering to the tune of N800million.
Uwujaren said that the two suspects committed the crime in their capacities as directors at Wafa Aggregate Limited.
He said that they had allegedly approached Eco Bank Plc for a loan facility of N800million for the procurement of petroleum products from Covalent Oil & Gas Services Limited in October, 2011.
“Upon receipt of the loan facility, Adeyemi and Memphis allegedly diverted the funds to their personal use and defaulted in paying back the loan.
“Investigation revealed that the five Diamond Bank Plc cheques of N10million each issued by the suspect and his accomplice were returned unpaid upon presentation,” he said.
Uwujaren said that the suspect will be charged to court after the conclusion of investigations.
