Photos: EFCC arrests ‘Pastor’ For N200m fraud

Press statement from EFCC...
The Economy and Financial Crimes Commission, EFCC,
has arrested one Jonathan Ibinabo Alatoru, a self-
acclaimed pastor and Chief Executive Officer, CEO,
Chemtronics Nigeria Limited, for conspiracy, forgery
and obtaining money by false pretence to the tune of
N200 million. The suspect, who
had earlier jumped the
administrative bail granted him by the Commission,
was arrested by operatives of EFCC in a sting
operation on Thursday, November 26, 2015, in Abuja.

The 55-year-old suspect had been awarded a contract
by the Ministry of Niger Delta Affairs, Abuja for the
construction of a skill acquisition centre at Igualeba,
Orhiomwon LGA, in Edo State, to the tune of
N1.7billion. The contract, which was supposed to be
completed within a year, was, however, terminated in
2011 when he could not complete the structure 18
months after. However, the suspect allegedly
approached Sterling Bank Plc with some documents
purported to have emanated from the Ministry to
secure a N200 million bank facility. In fulfillment of
the requirements to obtain the bank facility, the
suspect allegedly presented both the Certificate of
Occupancy, C of O, of a property located in the
G.R.A., Ikeja area of Lagos and another mortgage
agreement letter as collateral in 2012. The
investigation, however, revealed that both documents
belong to the late Vice-Admiral Babatunde Elegbede,
a former military Governor of Cross Rivers State, who
died in 1994. According to the complainant, the
suspect also allegedly presented a forged domiciliation
payment letter, stating that the proceeds of the
contract should be remitted to the bank for the
servicing of the loan. It was also discovered that the
suspect allegedly connived with one Ndubuisi Egbe
Unah, who is currently facing trial before a Federal
High Court, Abuja, and some staff of the bank to
perpetrate the alleged fraud. The suspect will soon be
charged to court. Wilson Uwujaren Head, Media &
Publicity 27th November, 2015