N785m Fraud: Court Orders Imo Deputy Speaker’s Arrest

Justice Inyang Ekwo of a Federal High Court in Abuja on Friday granted an order to the Economic and Financial Crimes Commission to arrest and detain the deputy Speaker of the Imo State House of Assembly, Hon. Amarachi Iwuanyawu, over an alleged N785 million fraud.

The deputy Speaker was also said to be the Chairman of Abuja-based Sun Gold Estate Limited, the firm he allegedly used to perpetrate the N785m fraud.

The Judge granted the order while ruling in an ex-parte application brought before him by the Chairman of the EFCC.

Justice Ekwo ordered that when apprehended, the Imo lawmaker should be detained till February 23 next year when he would be expected to be brought to the court by the anti-graft agency.

The ex-parte application argued by Olarewaju Adeola on behalf of the EFCC Chairman indicated that the deputy Speaker was alleged to have, in 2012, entered into an agreement with another Abuja-based Company, Hokiz Investment Limited.

In the agreement, the deputy Speaker allegedly used his Sun Gold Estate Limited to enter into an agreement to build 14 units of four bedrooms terrace and one block of six flats on the land of Hokiz Investment Limited at Mabushi in Abuja.

The EFCC claimed that the two parties agreed that 40 per cent of the buildings would be allocated to Hokiz Investment Limited being the owner of the land while Sun Gold Estate, as developer, and belonging to the Deputy Speaker would retain 60 per cent.

However, upon completion, Sun Gold Estate Limited was said to have sold off all the buildings without the knowledge of the land owner.

The value of the 40 per cent of the buildings put at N785 million was said to have been made away with by the Chairman of the Estate Developer who is the current Speaker of Imo State House of Assembly.

The EFCC informed the court that a petition against the Deputy Speaker and signed by Abdullahi Malik (SAN), on behalf of the aggrieved party was being investigated.

The anti-graft agency lamented that all efforts to make Iwuanyawu honour its invitations in respect of the allegations were rebuffed, hence, the request for court order to apprehend him.

The EFCC claimed that information at its disposal revealed that the suspect had escaped to the United States of America.

Justice Ekwo after scrutinising exhibits placed before the court along with convincing arguments of the EFCC’s lawyer, Olanrewaju Adeola, ordered that the anti-graft agency should go after the deputy Speaker, arrest him in any part of the world, detain and produce him in court on February 23 next year.

The EFCC’s ex-parte application marked FHC/ABJ/CS/2124/2022 was predicated on section 17 of the Advance Fee Fraud, section 35 of the 1999 Constitution and sections 3, 37, 39 of the Administration of Criminal Justice Act 2015.

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