{"id":42406,"date":"2024-01-18T08:35:22","date_gmt":"2024-01-18T08:35:22","guid":{"rendered":"https:\/\/www.imotrumpeta.com\/?p=42406"},"modified":"2024-01-18T08:35:22","modified_gmt":"2024-01-18T08:35:22","slug":"efcc-arrests-former-minister-for-commerce-industry-charles-ugwu","status":"publish","type":"post","link":"https:\/\/www.imotrumpeta.com\/?p=42406","title":{"rendered":"EFCC Arrests Former Minister For Commerce &#038; Industry Charles Ugwu"},"content":{"rendered":"<p class=\"yiv4492209461gmail-MsoNoSpacing\">\n<p class=\"yiv4492209461gmail-MsoNoSpacing\">EFCC has arrested a former Minister of Commerce and Industry, Charles Chukwuemeka Ugwuh, for alleged conspiracy and loan fraud of about N3.6 billion.<\/p>\n<p class=\"yiv4492209461gmail-MsoNoSpacing\">According to a statement by the Head of Media and Publicity of the commission, Dele Oyewale, the ex-minister was\u00a0arrested with Chief Geoffrey Ekenma on January 11, 2024, at No.2, Musa Yar Adua Way, New Owerri, Imo State.<\/p>\n<p class=\"yiv4492209461gmail-MsoNoSpacing\">The arrest of the two suspects was said to have followed \u201ca petition to the commission from a new generation bank on the alleged fraud perpetrated through a company, Ebony Agro Industries Ltd., linked to the ex-minister.<\/p>\n<p class=\"yiv4492209461gmail-MsoNoSpacing\">The statement said: \u201cInvestigations revealed that Ugwuh and Ekenma, Managing Director, Ebony Agro Industries Ltd., allegedly obtained a loan facility from the bank for the purchase and production of polished rice.<\/p>\n<p class=\"yiv4492209461gmail-MsoNoSpacing\">\u201cHowever, the suspect, according to the petitioner, failed to meet up his obligations to the bank and all efforts to get him to repay the loan facility proved abortive. The suspects would be charged to court as soon as investigations are concluded.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFCC has arrested a former Minister of Commerce and Industry, Charles Chukwuemeka Ugwuh, for alleged<\/p>\n","protected":false},"author":1,"featured_media":23984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-42406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EFCC Arrests Former Minister For Commerce &amp; Industry Charles Ugwu -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imotrumpeta.com\/?p=42406\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFCC Arrests Former Minister For Commerce &amp; 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