The Economic and Financial Crimes Commission has arrested one Onyekachi Nwosu, the relationship/account officer of a new generation bank in Enugu over a case of multiple conspiracies, forgeries and bank fraud involving over a hundred million naira.
The 33-year-old native of Mbaise, Imo State is purported to have provided false information to his bank to facilitate the approval of a loan of N50 million to Floxy Aluminium Odiofele Products Limited in 2010.
The suspect claimed that Anyaso Chinedu, the managing director of Floxy Aluminium Odiofele Products, approached the bank for a N30 million loan facility but could not secure it because of insufficient collateral. He claimed that a non customer, Femi Akintobi approached the bank for a N40 million facility and came with sufficient collateral which he then use to secure a N50 million loan from which Akintobi got N40 million while Floxy Aluminium was given N10 million.
