Company director lodges complaint over harassment, ‘missing’ N100m

A company director, Uyiekpen Idugboe has through his lawyer, Robert Emukpoeruo, sought President Muhammadu Buhari’s intervention following his alleged arrest and detention by the Police after he reported a case of N100 million fraud.

Idugboe, a director of Stephen Idugboe and Sons Co. Ltd, was arrested, detained and denied access to his lawyer at the police headquarters, Abuja.

He also alleged that the police had refused to search the house or office of the main suspect in the matter, and had refused to carry on with the investigation.

Idugboe, through his lawyer claimed, to have reported the fraud to the Intelligence Response Team (IRT) of the office of the Inspector-General of Police (IGP), Louis Edet House, Abuja.

And that Idugboe told the police that the company’s land measuring approximately 6, 637.073 square meters at Elf Road, Warri, Delta State was sold to a firm for N250 million, adding that some directors of the company falsely represented by saying that the property was sold for N150 million.

He added that the actual purchase price of N250m was concealed in the accounts of an estate surveyor and valuer.
An unauthorized fresh Stephen Idugboe & Sons Co. Ltd account was then opened “into which N137million was paid to give the impression that this was the purchase price of the property.”

Emukpoeruo said the investigation of his client’s complaint was stopped by the police, following one Chris Okolo contact with the Intelligence Monitoring Unit of the Inspector General of Police in Abuja and his client was accused of hacking into a bank account to get the evidence of the fraud, even though “there was no statement whatsoever from the bank that it suffered any cyber attack or crime at all.”

“Our client, who reported a crime of over N100m, was released on bail of N200m each from two sureties, totaling N400m while the suspects against whom serious allegations of theft of over N100m were made sauntered in and out of the station in a Police Escort Vehicle.”