The police said a bank was defrauded of N200 million.
The Police Special Fraud Unit, SFU, in Lagos said it has detained the son of Michael Agbamuche, a former Attorney General and Minister for Justice, and three others for conspiracy, forgery, and stealing.
Michael Agbamuche (Jnr), 58, is being investigated for allegedly conniving with Joy Lucas-Uche, a banker; Victor Ipinmoroti, of First Mek Global Service Limited; and Moses Adesoji-Coker, of Advance Images Computers Limited to defraud a first generation commercial bank of over N200 million.
The SFU said it began its investigation based on a petition written by the bank.
The bank granted an invoice discounting facilities to the customers in December, 2012, and having purportedly concluded the various jobs awarded to them, they requested the bank to discount the invoices issued to their principal – the company that issued the invoices – for which payments are being expected, according to the SFU.
“The bank obliged and released funds to the customers, having confirmed the supposedly genuineness of the invoices from the principal,” the SFU said in a statement signed by Ngozi Isintume, its Public Relations Officer.
“It was agreed that payment for the job will be made within 30 days which never happened.
“It was later discovered that the invoices issued to the bank by these customers were actually fake.
“It was also discovered that the principal actually have same invoices in their system which has long been paid,” the statement added.
The police said that the fake duplicates concocted by the customers were successfully done with the connivance of Mrs. Lucas-Uche, 43, who has absconded from her duty post.
Records showed that Mr. Agbamuche, whose late father served as Nigeria’s Attorney General during the military era, between 1994 and 1997, stood as a guarantor for the fleeing banker, the SFU said.
“The guarantor, a legal practitioner with 32 years experience, was arrested and he denied knowing the suspect personally and stated that he did not guarantee anybody to a first generation commercial bank, but to a merchant bank,” the statement added.
Police say investigation has been “intensified” to arrest Mrs. Lucas-Uche, from Ohafia, Abia State, whose last known address is No. 1, Sunday Farm Estate Cement Bus/Stop, Dopemu, Agege, Lagos.
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