Ndudi Elumelu, the sibling of United Bank of Africa Chairman, Tony Elumelu has suffered a major loss.
He was duped all of N750m in a failed bid purchase the gubernatorial ticket of the People's Democratic Party in Delta state.
The development collapsed his gubernatorial ambition of the House of Representatives member.
The N750m was fleeced off Elumelu overtime by Dumebi Kachukwu, the
political jobber and ex in law of former aviation minister, Kema Chikwe.
A bulk of the fund is believed to be provided by the UBA chairman as a support of sort for his brother's gubernatorial ambition.
Kachukwu was reportedly able to ballooned his fraud with excuses he
needed money to convince party executives in the state to support
Elumelu's gubernatorial ambition.
He couldn't deliver on the promise.
The victim of the fraud has reported the matter anti graft agency, Economic and Financial Crimes Commission.
An investigation that has resulted in the arrest and detention of Kachukwu is said to be on.
He is being investigated for obtaining money under false pretence.
The 'fraudster' had turned himself in at the EFCC on Friday January 9
after operatives of the anti graft body - armed with a search warrant -
raided his abuja home and reportedly carted away incriminating
evidences.
Added information revealed the EFCC had initially invited for Kachukwu
for questioning on December 23 2014 after receiving a petition from
Elumelu he had been duped.
The alleged reportedly pleaded to be given till January 8 2014 to make an appearance.
His inability to honour the agreed date kick started process that has earned him detention since January 9 2014.
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