Special Fraud Unit arrests suspect over alleged N190 million fraud
The police Special Fraud Unit (SFU) on Saturday said it has arrested a 60-year-old director of a private company in Lagos, for allegedly committing a fraud of N190 million.
The spokesperson of the Unit, ASP Ngozi Isintume-Agu, said this in a statement made available to the news men.
According to Isintume-Agu, the suspect was arrested on March 1, after a petition by the Nigeria Stock Exchange (NSE).
``The NSE alleged that the suspect was appointed in 1999 as its Property Manager to collect revenue from its tenants at the NSE Building, Lagos, with the mandate to retain five per cent of such rents as service/maintenance charge''.
The statement said the NSE alleged that the manager was supposed to remit the balance to its account, but that ``Upon the reconciliation of the accounts in August, 2012, it was discovered that the suspect had fraudulently converted N190 million, being the total sum collected, without remitting same to NSE’s account.’’
The spokeswoman said the suspect would soon be charged to court.
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