The suspect, Folake Joy Yobah, who is the chief executive officer of Sky High Ventures Limited, Abuja, is being quizzed by the Economic and financial crimes commission FCC based on account of a petition written by lawyers on behalf of the United Surgical Limited for breach of agreement and fraud.
The suspect who was arrested last Friday is accused of issuing the said dud United Bank for Africa cheques to Chief Emmanuel Uzomah, the chairman of United Surgical Limited as payment for the N60million loan she received for the purchase and supply of surveillance equipment in the execution of a N222, 836, 551 07 contract awarded to her by the Central Bank of Nigeria.
In the petition to the EFCC dated June 5, 2015 by Mr. Ogbonna Anthony, counsel to. Chief Uzomah, the petitioner and made available to daily independent alleged that the suspect, Folake was introduced to his client on January 20, 2014 by one Mr. Nsebong Clement, a partner in Sky High Ventures Limited seeking his assistance in providing funds to finance the CBN contract.
The petition further alleges that subsequent upon an agreement entered into by Chief Uzomah and Folake on the funding of the contract, a joint account was opened with Skye Bank in Abuja, with a caveat that no one party or signatory to the said account will withdraw or sign a cheque without the consent and signature of the other.
Based on account of this, the lawyer, Ogbonna Anthony said, Folake issued six cheques to Chief Uzomah as a means of paying off some of the funds sourced from him while the CBN was notified in writing to make all payments for the execution of the contract into the joint Skye Bank account.
The petitioner, Folake however, convinced the CBN to pay funds for the contract into her personal account with Skye Bank and fraudulently withdrew N5million from the said account without the knowledge of Chief Uzomah.
The counsel however said when his client thereafter presented the cheques given to him by Folake to the bank for payment, the said cheques bounced.
The counsel Ogbonna informed the anti-graft agency that every effort made by Chief Uzomah to recover the money he expended in the execution of the CBN contract could not be entertained.
Having discovered that his partner has breached the contract agreement reported the matter to EFCC to assist his client in recovering his funds and for the agency to arrest, and prosecute the suspect for her alleged fraudulent and criminal activities.
An investigation has revealed that already, officials of the EFCC have swung into action by arresting the suspect for questioning while further investigation into the allegations continue before Folake’s eventual arraignment in court.