JUST IN: EFCC Arrest Former Minister Of Commerce, Charles Chukwuemeka Ugwuh,For Alleged Loan Fraud Of N3.6 Billion.

EFCC has arrested a former Minister of Commerce and Industry, Charles Chukwuemeka Ugwuh, for alleged conspiracy and loan fraud of about N3.6 billion.

According to a statement by the Head of Media and Publicity of the commission, Dele Oyewale, the ex-minister was  arrested with Chief Geoffrey Ekenma on January 11, 2024, at No.2, Musa Yar Adua Way, New Owerri, Imo State.

The arrest of the two suspects was said to have followed “a petition to the commission from a new generation bank on the alleged fraud perpetrated through a company, Ebony Agro Industries Ltd., linked to the ex-minister.

The statement said: “Investigations revealed that Ugwuh and Ekenma, Managing Director, Ebony Agro Industries Ltd., allegedly obtained a loan facility from the bank for the purchase and production of polished rice.

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Efcc just collect your share and let him go

All these arrest and money they are collecting is not being put to good use.

This people have finish Nigeria. Billions stolen everyday

Just to act like dey are working, all d arrest no sentence no swift judgement, make we adopt china corruption law abeg