₦airaland Forum

femi4:
He will learn the hard way

No dey shook mouth for politics...maintain your lane

ajalawole:
Which it comes to rich people matter, poor man always have opinions.

Investigators allege that Ezuma collected millions of dollars between 2007 and 2015 under the guise of financing mineral exploration and power projects that were never delivered.

The probe reportedly uncovered suspicious transfers involving companies and relatives linked to him.

Battregen Limited, allegedly controlled by his 28-year-old son, Bogdan Ekene Ezuma, reportedly received N1.365 billion in purported loans between February and April 2025 despite recording no revenue during the period.

Another N953 million was allegedly transferred to his son in July 2025, with only N90 million returned. Investigators also identified transfers of between N48 million and N50 million to his 26-year-old daughter, Bozhena Ezuma, and other associates.

The EFCC reportedly suspects that some transactions were used to move proceeds of the alleged fr@ud, although legitimate business purposes for some transfers had yet to be established.

The investigation also concerns alleged dealings involving Russian state-owned energy company Inter RAO UES and the privatisation of the Jos Steel Rolling Mill in Plateau State. Ezuma allegedly took control of the facility, stripped it of assets and left hundreds of workers without wages.

The Economic and Financial Crimes Commission has arrested an Abuja-based businessman, Innocent Ezuma, 57, over allegations of defrauding a Ukrainian investor of more than $120m.

Ezuma was arrested at his residence in Abuja on Monday, October 19, and remained in the commission’s custody as of Tuesday.

The EFCC spokesperson, Dele Oyewale, confirmed the arrest to our correspondent when contacted on Tuesday but declined to provide further details.

Sources, however, said the businessman was being investigated for alleged advance fee fraud, criminal breach of trust, criminal conversion, obtaining money under false pretences, theft and money laundering.

According to one of the sources, Ezuma allegedly obtained millions of dollars from the Ukrainian investor between 2007 and 2015 for mineral exploration and power projects that were never delivered.

The source alleged that the funds were diverted for personal use, while investigators were examining transfers worth billions of naira to companies and individuals linked to the businessman, including his children.

Another source said the commission was expanding its investigation and seeking information from members of the public and the businessman’s former associates.

The source added that the allegations also concerned Ezuma’s previous business dealings in Ukraine and Nigeria.

“In the mid-2000s, he allegedly persuaded two Ukrainian businessmen to finance the privatisation of Jos Steel Rolling Mill in Plateau State before taking exclusive control of the facility, stripping it of assets and abandoning hundreds of workers without wages,” the source said.

The businessman was also accused of shooting and seriously injuring one of his business partners during a confrontation in Ukraine on April 28, 2008, before fleeing to Nigeria, the source added.

Oyewale reiterated that the agency arrested Ezuma at his Abuja residence on Monday but declined to disclose further details about the investigation.

TyrellObi:
They'll track your soul into the nether realms

We4all:
I don't know what happened between them, but I have observed that most polygamous and promiscuous Nigerian men are quick to deny and abandon their children, if they are not in good terms with their mothers.

So many men have kids outside wedlock which they know about, but they don't care about these kids. It's insane to treat your kids differently regardless of whether they were born outside wedlock or not.