Court Orders Arrest Of Imo Deputy Speaker Over Alleged N785m Fraud

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Justice Inyang Ekwo of a Federal High Court in Abuja, has granted an order to the Economic and Financial Crimes Commission (EFCC) to arrest and detain the

Deputy Speaker of the Imo State House of Assembly, Hon Amarachi Iwuanyawu over an alleged N785M fraud.

The Deputy Speaker is the Chairman of an Abuja based Sun Gold Estate Limited, the firm he allegedly used to perpetrate the N785M fraud. The Judge granted the order on Friday while ruling in an ex-parte application brought before him by the Executive Chairman of EFCC. Justice Ekwo ordered that when apprehended, the Imo lawmaker should be detained till February 23 next year when he is expected to be brought to the court by the anti-graft agency.

In the ex-parte application argued by Olarewaju Adeola on behalf of the EFCC Chairman, the Deputy Speaker was alleged to have in 2012 entered into an agreement with another Abuja based Company, Hokiz Investment Limited.In the agreement, the Deputy Speaker allegedly used his Sun Gold Estate Limited to enter into an agreement to build 14 units of 4 bedrooms terrace and one block of 6 flats on the land of Hokiz Investment Limited at Mabushi in Abuja.

 

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