Commissioner of police in charge of ‘X’ Squad Section, Ikoyi, Lagos has declared the managing director of Cradle Energy Limited, Mr. Chibueze Ojeh wanted for allegedly obtaining money through pretence and issuance of dud cheques in Lagos on November 11, 2013.
The police, in a special bulletin, said Ojeh, 34, was wanted for allegedly obtaining the sum of US$700,000.00, an equivalent of N115.5 million, through pretence and issuance of nine dud cheques.
Ojeh, who resides at 3A, Lanre Olumide Street, Idaba Estate, Lekki, in Lagos, is believed to be on the run to avoid arrest by the police.
Investigation revealed that Wema Industries Limited, a shoe manufacturing company and Domareen Global Services Limited needed hard currency through the companies broker, Anthony Okeke for their operations and paid N115.5 million into the account of Cradle Energy Limited in which Ojeh is the managing director.
The latter in turn assured of paying $700,000.00 into the account of the company.
The police source at the ‘X,’ Squad disclosed that Cradle Energy Limited received the N115. 5million paid into its account but failed to transfer the dollar equivalent to Okeke’s client’s account.
All efforts made by Okeke’s clients to recover the money proved abortive as Ojeh instead allegedly dolled out nine dud cheques to the company at two different times.
On November 29, 2013, Ojeh issued six UBA cheques to Wema Industries Limited which were later dishonoured. Four of the cheques were N10 million each, another is N7,650,000.00, while the otherN1,715,000.00.
On December 24, 2013 the suspect at large also issued three cheques that were dishonoured. One of the cheques was N8,715, 000.00, the other N2, 620, 000.00.
MATTHEW DIKE
The police, in a special bulletin, said Ojeh, 34, was wanted for allegedly obtaining the sum of US$700,000.00, an equivalent of N115.5 million, through pretence and issuance of nine dud cheques.
Ojeh, who resides at 3A, Lanre Olumide Street, Idaba Estate, Lekki, in Lagos, is believed to be on the run to avoid arrest by the police.
Investigation revealed that Wema Industries Limited, a shoe manufacturing company and Domareen Global Services Limited needed hard currency through the companies broker, Anthony Okeke for their operations and paid N115.5 million into the account of Cradle Energy Limited in which Ojeh is the managing director.
The latter in turn assured of paying $700,000.00 into the account of the company.
The police source at the ‘X,’ Squad disclosed that Cradle Energy Limited received the N115. 5million paid into its account but failed to transfer the dollar equivalent to Okeke’s client’s account.
All efforts made by Okeke’s clients to recover the money proved abortive as Ojeh instead allegedly dolled out nine dud cheques to the company at two different times.
On November 29, 2013, Ojeh issued six UBA cheques to Wema Industries Limited which were later dishonoured. Four of the cheques were N10 million each, another is N7,650,000.00, while the otherN1,715,000.00.
On December 24, 2013 the suspect at large also issued three cheques that were dishonoured. One of the cheques was N8,715, 000.00, the other N2, 620, 000.00.
MATTHEW DIKE
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