Embattled businessman, Jimoh Ibrahim, currently at the centre of a controversy over the shutdown of Newswatch magazine, has been questioned by the Economic and Financial Crimes Commission (EFCC), over possible money laundering charges, news website, SaharaReporters reports.
The website quoted security insiders as saying Mr. Ibrahim was interrogated by agents for hours over alleged questionable transactions with which proceeds he set up businesses abroad and purchased a private jet, all worth millions of dollars.
Mr. Ibrahim did not respond to several calls from this newspaper on Friday and Saturday, and did not return text messages.
Coming on the heels of the Newswatch row, an EFCC investigation will further trouble the businessman, whose interests have suddenly taken a waning turn lately triggering concerns regarding his actual source of wealth that bloomed just within years.
Mr. Ibrahim this week ordered the closure of Newswatch as a 51 per cent majority shareholder, sparking a contest with the magazine’s initial owners.
The former editors of Newswatch accuse Mr. Ibrahim of defaulting on his pledge to inject new capital into the troubled company, and on Thursday warned of further actions to save the company.
Mr. Ibrahim, a notable face in some of the controversial acquisitions of state assets under the Olusegun Obasanjo administration, has been buying up private concerns stretching to media and aviation.
Recently, some of the companies, including the newly founded Air Nigeria, were hit by bad fortune.
A petition from one of Mr. Ibrahim’s staff members alleging that the businessman laundered pension funds to purchase his jet may have triggered the EFCC investigation, SaharaReporters said.
A source said the businessman seemed prepared for the interrogation, and had reportedly tried to destroy some important documents of recent.
Our source said he got burnt in the process and that scars of the injury were visible during his appearance at the EFCC.