The Economic and Financial Crimes Commission (EFCC), has arrested one Emmanuel Obinyan for allegedly obtaining by false pretences and diverting the sum of N77,773,700.

It was gathered that one late Daniel Chinemelum, sometime in July 2015, entered into a partnership agreement and also signed a memorandum of understanding with Obinyan for the formation of a real estate company, Fedan Courtyard Home Services Limited.

According to the complainants, who are the children of Daniel, Stephen and Emeka Chinemelum, their father paid the sum of N52 million into the suspect’s Zenith Bank account number 1011861572 as equity contribution to the business.

https://newsrand.com/2021/06/09/efcc-arrests-businessmen-over-n102m-scam/