Posted on: 09:50 Sat, 28 Nov 2015



The Economic 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